Ordinals & BTC DeFi: Start Here.
How we came here, what to do on Bitcoin right now, and what the future holds.
They claimed that NFTs on Bitcoin were impossible.
They said that DeFi on Bitcoin was impossible.
As it turns out, they were mistaken.
BTCFi is a Zero to One innovation that I'm incredibly excited about (and invested in).
However, BTCFi is poorly marketed because most of the BEST content is either not in English or highly technical. It’s been a challenge for me to keep up. Yet, things are moving very fast with loads of opportunities.
In this post I want to take it slow and explain how we got here, cover protocols you can play with right now, share a few tips to get started, and talk on what’s next.
In the future, I’ll dive deeper into Bitcoin L2s etc.
And it’s a rewarding experience as airdrops are already rolling out for early users.
Welcome to the world of Bitcoin.
Why I am bullish on BTCFi
Until recently, Ordinals & BRC20s didn't meet all three of my criteria for a booming ecosystem. This is the framework I use to evaluate ecosystems and tokens.
Three Pillars of Booming Crypto Ecosystems
Ordinals & BRC20s got me interested as it’s 1)…