Portal Partners With Mintlayer To Boost DeFi on Bitcoin - BitcoinEthereumNews.com
The Decentralized Finance (DeFi) market has grown to become a space worth more than $200 billion. Yet it continues to explode as developers find an inovative method to involve the participation of users from every corner of the crypto space. In doing so, one canot forget about the subjects of the king coin, Bitcoin. Bitcoin DeFi set to explode Bitcoin was created with the intention of revolutionizing the future of finance. And while it did inspire developers, it was Ethereum that truly made revolutionizing finance possible by decentralizing it using smart contracts. Until a while back, Bitcoin lacked the support for DeFi, which is why it could not become an integral part of the financial metamorphosis, but that has changed now and is continuing to do so. Mintlayer, a Bitcoin sidechain, and Coinbase-backed Bitcoin-based DeFi platform Portal have joined hands to further these efforts. This new partnership is set to bring Portals uncensorable cross-chain DEX functionality to Mintlayer, boosting Bitcoin-based decentralized finance (DeFi). Commenting on the partnership, Mintlayer CEO Enrico Rubboli stated, “Mintlayer is a tokenization layer built on top of Bitcoin, enabling native swaps with BTC, including using the Lightning Network. Portal‘s cross-chain DEX can help make multi-chain implementations more viable, allowing token issuers to