The Challenge
Solving Accessibility and Latency
In the quest to bring BTCfi to the forefront, the challenge of bootstrapping liquidity looms large. Unlike the bustling ecosystems of Ethereum and Solana, where DeFi projects thrive on abundant liquidity, the Bitcoin space is still finding its footing. Here, the story is different—liquidity is scattered, making it tough for new projects to find their place and for markets to flourish.
Trading BRC20 with Wallet Limitations: Imagine the frustration of Web3 users eager to explore BRC20 tokens, only to find their favourite wallets like MetaMask don't support these assets. It's like being handed the keys to a new adventure, but finding the door locked.
High Fees for Purchasing Ordinals: For those venturing into Ordinals and BRC20 tokens, the excitement is quickly dampened by steep transaction fees. This cost is more than just a number—it’s a barrier that makes participating in this new frontier feel out of reach for some.
Slow Ordinals Transactions: The anticipation of a new trade turning into a waiting game is another challenge users face. Transactions with Ordinals can be painstakingly slow, sometimes taking up to four hours.
The common thread of all these issues - a lack of liquidity.
How do we put instant, abundant liquidity in the hands of BTCfi enjoyoors?
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