Sushi DeFi Platform Adds Native Bitcoin Support Through ZetaChain Integration, Enabling New Use Cases for Bitcoin Holders
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Sushi DeFi platform is expanding to ZetaChain layer-1 blockchain to add native bitcoin support. This will allow bitcoin trading in DeFi without wrapping.
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ZetaChain raised $27 million earlier this year. Its addition introduces first native bitcoin trading in DeFi.
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Users can now swap bitcoin across 30 networks without wrapping. Wrapping allows a coin to be used on a different blockchain.
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This aims to empower bitcoin holders to engage with DeFi primitives like trading, lending and borrowing. It expands bitcoin's use case beyond just a store of value.
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The ZetaChain team has been working on this for years, coincidentally releasing as bitcoin price and trading volume surge amid anticipation of a bitcoin ETF approval.