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The Evolution of DeFi: Exploring New Opportunities on Bitcoin


Macjaja64

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Just came across BitSmiley, and it’s got some interesting features that blend DeFi with the Bitcoin blockchain. They’re offering a stablecoin and a lending protocol, which isn’t something we usually see on Bitcoin. It’s built around BRC20 tokens and aims to provide a user-friendly experience, which could help bring more people into DeFi.

I’m curious about their cross-chain capabilities and how well they can actually pull off peer-to-peer lending. Also, the community governance aspect could be a double-edged sword. it’s great for involvement but can lead to challenges in decision-making.

For anyone familiar with DeFi, it might be worth discussing how this type of protocol could function within the broader Bitcoin ecosystem. What do you think about its potential and the challenges it might face?

https://www.bitget.com/spot/SMILEUSDT?utmSource=Twitter

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