Portal Bitcoin: Bringing BTC into DeFi Without Changing Its Core
A new month means updating my portfolio—adding strong projects and dropping weaker ones, as we enter into the crucial quarter of the year, I call it the make it or break it quarter ahah.
One project I’m watching is Portal Bitcoin (PTB), which is about to launch. It lets people swap Bitcoin (and assets like Ordinals) with tokens on other blockchains like Ethereum and Solana. The process is non-custodial, meaning you keep control of your funds. This makes it safer and cheaper than traditional bridges. The goal is to bring Bitcoin into DeFi so it can be used for trading, lending, and more.
Main features:BitScaler: uses Taproot for fast, secure swaps.Portal OS: runs the validator system.Portal Wallet: supports 3,000+ tokens with a built-in exchange.
So far, Portal’s Aurelia testnet has drawn over 1M users, and the team has raised $92M from investors like Coinbase Ventures. The PTB token runs the ecosystem and will be on Bitget Launchpool from tomorrow until Sept 6.This looks like a strong project that could make Bitcoin more useful in DeFi, or what do you think??.
ZeeXhan1 posted:A new month means updating my portfolio—adding strong projects and dropping weaker ones, as we enter into the crucial quarter of the year, I call it the make it or break it quarter ahah.
One project I’m watching is Portal Bitcoin (PTB), which is about to launch. It lets people swap Bitcoin (and assets like Ordinals) with tokens on other blockchains like Ethereum and Solana. The process is non-custodial, meaning you keep control of your funds. This makes it safer and cheaper than traditional bridges. The goal is to bring Bitcoin into DeFi so it can be used for trading, lending, and more.
Main features:BitScaler: uses Taproot for fast, secure swaps.Portal OS: runs the validator system.Portal Wallet: supports 3,000+ tokens with a built-in exchange.
So far, Portal’s Aurelia testnet has drawn over 1M users, and the team has raised $92M from investors like Coinbase Ventures. The PTB token runs the ecosystem and will be on Bitget Launchpool from tomorrow until Sept 6.This looks like a strong project that could make Bitcoin more useful in DeFi, or what do you think??.
