About DeFi in BTC

Bitcoin has an enormous pool of liquidity, but most of it remains untapped in the DeFi space as Bitcoin wasn't originally built for complex financial applications.

While other networks have surged ahead in DeFi dApp creation, notably EVM-compatible networks with Ethereum leading the growth, Bitcoin’s liquidity largely sits idle, hurdled by the nessecity to bridge assets.

This creates an opportunity for the ecosystem to grow within the DeFi sector, and Midl is set to fill this gap.

By introducing an EVM-level abstraction layer, we allow users to interact with secure and powerful smart contracts directly through their Bitcoin wallets, ensuring fast transaction finality with only one Bitcoin block confirmation. This approach not only broadens the scope of Bitcoin’s utility but also provides a seamless, trustless experience tailored for the Bitcoin network and extends DeFi capabilities of the network.