Reported about 2 months ago
As the decentralized finance (DeFi) landscape evolves, Bitcoin developers are introducing projects aimed at increasing the utility of digital assets. With initiatives like Spiderchain from Botanix Labs, users can bridge their Bitcoin into a sidechain to earn additional yield, preserving their original holdings. This innovative approach, along with projects like Mezo and Babylon, aims to leverage smart contract capabilities similar to those that propelled Ethereum's rapid growth. Experts suggest these advancements could reshape the Bitcoin ecosystem, capitalizing on the influx of investments into Bitcoin ETFs.
Source: YAHOO