.AtomiqDeFi, powered by Mintlayer’s innovative atomic swap technology, aims to enhance interoperability, eliminate reliance on custodians and unlock new possibilities for decentralized finance on Bitcoin.Projects like Ordinals introduced new capabilities to Bitcoin’s network and led to a surge in demand for Bitcoin’s DeFi functionality. Users began to realize that building on layer-1 had flaws, so developers began exploringto address the bottlenecks of building on layer 1.
Mintlayer offers the Atomiq Pad for initiatives looking to launch projects within the ecosystem. The platform assists projects seeking early-stage liquidity and offers token distribution as a solution to help kickstart their communities. It also aims to be compatible with theBeyond AtomiqPad, the ecosystem hosts a noncustodial wallet called the Atomiq Wallet, which will support multiple cryptocurrencies and blockchain networks.
“We’re incredibly proud to have Atomiq DeFi as the first project incubated by the Mintlayer Ecosystem Fund, and trust that under Zaid Ismail’s guidance, we’re set to revolutionize Bitcoin DeFi, offering true interoperability with Bitcoin through atomic swaps and offering a truly decentralized way to exchange Bitcoin with any kind of asset issued on Mintlayer.”
Source: Digital Coin News (digitalcoinnews.net)
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