It's really no different from wallets with multi-coin support such as Exodus and Trust wallet, no? The only difference is that the Avalanche bridge is integrated in the plugin instead of manually going to the URL of the Avalanche bridge.
Those are wallets and their purpose is to support a lot of multichain. I guess avalanche would like to tap users from btc who wanted to explore defi using their native coin directly to an L1 project like them.
They are not the first altcoin DeFi project to build products around Bitcoin.
Sovryn project used to reach $36 but it drops to under $1 already. The bloodbath in DeFi has yet ended and it will continue until all over leveraged DeFi projects die.
Yes but Ive never heard of it actually. People tends to trust those established project in the top markets.
Maybe this is a huge step of avalanche Bitcoin holder but this is not new at all because there is no way a native Bitcoin directly interact on different blockchain without wrapping it.
From what Ive heard though I havent tried it out yet. They said native bitcoin, means its not wrapped bitcoin. How cant? They already rolled it.
- extensive earnings
- yield opportunities
- top Defi protocols
- portfolio, not control!
Thats right. Some people who owns btc are probably looking for a good project where they can park their holdings while waiting and clearly defi is the place for that. Yes its not perfect and quite risky, but at least this are giving true earning which isnt bad at all. As an altcoin maxi, Id rather used those parked coin to earn something in staking or defi that has a good privileges. Avax isnt bad considering its one of those top defi project.
