Year Of The Spider: Enter The Botanix EVM-Compatible Bitcoin Layer 2

Key Points

1. Botanix Labs co-founders aim to expand Bitcoin's utility beyond basic activities (buy, sell, hodl) by introducing smart contract functionality via an EVM-compatible Layer 2.

2. The Botanix network is fully decentralized at launch, with no single party able to control users' bitcoin, addressing trust issues with centralized platforms.

3. Key features include faster block times (compared to Bitcoin's 10 minutes) and low transaction fees ($0.02 average), enabling practical use cases like yield generation.

4. Applications on Botanix include decentralized exchanges (e.g., GMX), lending protocols (e.g., Dolomite), and bitcoin-native tools like Bitzy and Palladium (a bitcoin-backed stablecoin).

5. The project targets emerging markets by addressing banking access limitations and currency volatility, positioning Bitcoin as programmable money for global financial inclusion.