Cardano launches its first Bitcoin DeFi protocol ‘Cardinal’

Description

Cardano has launched Cardinal, its first decentralized finance protocol designed specifically for Bitcoin users. The announcement was made by Cardano ( ADA ) founder Charles Hoskinson on June 9 via X. Developed by Input Output, the research and development team behind Cardano, Cardinal allows Bitcoin ( BTC ) holders to access DeFi services such as lending, staking, and borrowing without using traditional custodians or centralized bridges. Welcome to the first Bitcoin DeFi protocol developed for ...