A trillion dollars of Bitcoin capital is waiting to use native Bitcoin in smart contracts. But the only way to use Bitcoin today is to "wrap it", or entrust it to a third-party custodian. Over $40Bn has been lost to date due to custodian hacks and human error.
, we're building infrastructure that lets app developers lock Bitcoin collateral in escrow. This escrow is non-custodial (held in the user's wallet) and decentralized (validated by a network of independent node operators).
This bridge enables new types of DeFi applications that weren’t possible before, ranging from lending, options, futures and more. Each of these use cases are multi-Billion dollar markets in their own right, meaning that there will be thousands of applications built on top of our bridge.
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