Bitcoin DeFi Takes a Giant Leap Forward with the Launch of Cardinal Protocol on Cardano

Bitcoin has experienced a significant breakthrough in the DeFi space thanks to the launch of the Cardinal protocol on Cardano. Charles Hoskinson, founder of Cardano, made the announcement on X (formerly Twitter), marking the first time a Bitcoin DeFi protocol is fully integrated with the Cardano ecosystem. Cardinal’s unique approach eliminates reliance on centralized custodians, allowing users to wrap Bitcoin and leverage it across various DeFi applications without surrendering control over their assets.