Recently, a project completed a $28.5 million funding round, and even before launching token distribution, it is dealing with a long-standing dilemma—the Bitcoin financial ecosystem needs to return to the Bitcoin mainnet. In the past period, a large amount of BTC assets' financial operations have migrated to the Ethereum ecosystem, requiring wrapping into forms like WBTC, tBTC, or cbBTC during lending, and each interaction also consumes ETH as gas fees. The problem is that such cross-chain solutions are exposed to MEV risks, and their efficiency is significantly reduced. It seems that the new technological approach is to bring this financial infrastructure directly onto Bitcoin's own ledger.
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DecentralizedElder
· 01-14 06:05
Basically, BTC is finally going to do DeFi on its own, no more relying on those Ethereum folks to siphon off the fees.
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LiquidationTherapist
· 01-13 15:05
Finally, someone is going to tear off this layer of window paper. BTC has been exploited on Ethereum for too long.
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VitalikFanboy42
· 01-13 15:05
The idea of BTC mainnet doing DeFi should have come long ago. I'm tired of being exploited by ETH every day.
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hodl_therapist
· 01-13 14:57
I think there's nothing wrong with what you're saying. After messing around on Ethereum for so long, BTC really should go home. The gas fees eating up the profits are truly outrageous.
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ZKSherlock
· 01-13 14:56
Actually, ngl this whole "bring finance back to bitcoin" narrative kinda misses the cryptographic primitives we'd actually need to make it work securely... like, have they even spec'd out the trust assumptions here? MEV is a symptom, not the disease
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ProbablyNothing
· 01-13 14:55
Really, BTC is running on ETH like a second-class citizen... The gas fees are outrageous, and you have to constantly watch out for MEV being snatched away. This time, someone is finally serious about taking action.
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MemeCurator
· 01-13 14:48
Everyone has been playing on ETH, and gas fees have been eating up profits. Now finally someone remembers the BTC mainnet.
Recently, a project completed a $28.5 million funding round, and even before launching token distribution, it is dealing with a long-standing dilemma—the Bitcoin financial ecosystem needs to return to the Bitcoin mainnet. In the past period, a large amount of BTC assets' financial operations have migrated to the Ethereum ecosystem, requiring wrapping into forms like WBTC, tBTC, or cbBTC during lending, and each interaction also consumes ETH as gas fees. The problem is that such cross-chain solutions are exposed to MEV risks, and their efficiency is significantly reduced. It seems that the new technological approach is to bring this financial infrastructure directly onto Bitcoin's own ledger.