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Although Bitcoin is the largest digital asset, it thus far cannot be used in DeFi without first being transferred to a custodian or a bridge. However, custodian failures and bridge hacks have led to over $140Bn in losses.
DLC.Link utilizes the concepts of Discreet Log Contracts, invented at MIT by the co-creator of the Lightning Network, to provide a trust-minimized bridge to DeFi on Ethereum without centralizing or pooling assets.
We will be launching dlcBTC, a self-custodial wrapped Bitcoin, in April 2024.
{% hint style="info" %} Billions of dollars in Bitcoin capital is waiting to be used in smart contracts for lending, hedging, and trading. {% endhint %}