Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO

Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO


In light of the recent fragility in the decentralized finance (DeFi) sector, Bitcoin (BTC) maximalist and MicroStrategy CEO Michael Saylor feels that Bitcoin and the Lightning network can come to the rescue of the DeFi market.

With two enormous protocols, Terra and Celcius, facing acute difficulties within a month of each other, the DeFi sector is going through a tough time. And in a recent tweet, Saylor suggested that Bitcoin and Lightning could help stabilize the industry.

According to Saylor, Bitcoin provides a “sound ethical, economic, and technical foundation for DeFi.” He went on to say that the Lightning protocol and BTC token will be used to construct the next generation of DeFi.

The sound ethical, economic & technical foundation for DeFi is #Bitcoin. The next generation of DeFi

Trending: Thousands Of Flights Cancelled As Pilots Strike Before 4th Of July

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend