BTCfi is about to witness another leap forward with the launch of XLink, a Bitcoin bridge developed by ALEX LAB Foundation on Core Chain. XLink is set to redefine the landscape of Bitcoin DeFi, offering users seamless access to a wide range of DeFi services on the Core Chain.
Bitcoin, the pioneering cryptocurrency that sparked the revolution in digital finance, has long been regarded as the gold standard of the crypto world. However, its potential in DeFi has remained largely untapped due to technical limitations and interoperability challenges. XLink aims to bridge this gap and unlock the full potential of Bitcoin DeFi on Core Chain.
XLink serves as a bridge between the Bitcoin blockchain and Core Chain, facilitating seamless cross-chain interoperability between the two ecosystems. This bi-directional bridge enables users to transfer assets between Bitcoin and Core Chain, opening up a world of possibilities for decentralized finance on both platforms.
One of the key features of XLink is its ability to provide a "native-like" Bitcoin DeFi experience on Core Chain. By abstracting the differences between Bitcoin's Layer 1 and Core Chain, XLink ensures that users can interact with Bitcoin assets and smart contracts on Core Chain with ease and efficiency.
XLink leverages advanced security measures, including multisig wallets, validators, and relayers, to ensure the integrity and reliability of asset transfers between Bitcoin and Core Chain. These robust security protocols minimize the risk of unauthorized access and ensure the safety of user funds throughout the transfer process.
With the XLink launch, the Bitcoin ecosystem is empowered by extending its reach into DeFi on Core Chain. By providing seamless access to DeFi services such as lending, borrowing, perpetuals, and trading, XLink is a catalyst for the growth of a vibrant and inclusive Bitcoin DeFi ecosystem.
As XLink launches on Core Chain, there's excitement within the Bitcoin and DeFi communities. Traders, investors, and enthusiasts alike are eager to explore the possibilities offered by this groundbreaking Bitcoin bridge, and the potential it holds for unlocking new opportunities in DeFi.
You can now use the XLink Bridge to start bridging $aBTC,$ALEX, and $vLiSTX from Stacks to Core Chain, and keep an eye out on your Core Ignition Dashboard for a surprise!
The future of Bitcoin DeFi is here, powered by XLink on Core Chain.
Core is a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first ever implementation of Non-Custodial BTC Staking and the world’s first yield bearing BTC ETP. Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security and over 4,800 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 260M transactions since its mainnet launch in January 2023.