OpenDEX Wants to Bring DeFi-style Returns to Bitcoin

[MRM]

Bitcoin can now be provided as liquidity without leaving its native blockchain, thanks to a new decentralized exchange, OpenDEX.
Bitcoin holders who don’t want to transfer their tokens to the Ethereum blockchain can now get in on the DeFi yield action, albeit in a somewhat complicated way.

OpenDEX, a new decentralized exchange protocol released today, allows holders of Bitcoin, Litecoin, and Ethereum-based tokens to provide liquidity for exchanges without transferring the value of their assets off of their native blockchains. That means DeFi-style returns without Wrapped Bitcoin (WBTC) or any of the other not-so-decentralized cross-chain wrapping protocols.
Source: https://decrypt.co/40669/opendex-wants-bring-defi-style-returns-bitcoin

[Kaoshot_T]

Bitcoin can now be provided as liquidity without leaving its native blockchain, thanks to a new decentralized exchange, OpenDEX.
Bitcoin holders who don’t want to transfer their tokens to the Ethereum blockchain can now get in on the DeFi yield action, albeit in a somewhat complicated way.

OpenDEX, a new decentralized exchange protocol released today, allows holders of Bitcoin, Litecoin, and Ethereum-based tokens to provide liquidity for exchanges without transferring the value of their assets off of their native blockchains. That means DeFi-style returns without Wrapped Bitcoin (WBTC) or any of the other not-so-decentralized cross-chain wrapping protocols.
Source: https://decrypt.co/40669/opendex-wants-bring-defi-style-returns-bitcoin

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