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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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Details: https://www.gate.com/zh-tw/announcements/article/47455
tBTC launched on Starknet, bringing Bitcoin into DeFi
Threshold Network has launched tBTC on Starknet, allowing users to bring Bitcoin into DeFi without the need for an intermediary, with transaction costs starting at just 0.01 USD. Users can mint tBTC directly on Starknet or through a bridge from Ethereum.
This combination helps to overcome the limitations of Bitcoin DeFi such as high fees, slow processing, and poor integration capabilities. Starknet supports up to 857 transactions per second due to its zero-knowledge architecture, allowing for the execution of complex financial strategies at low costs.
Users can trade tBTC on Ekubo; the lending feature via Vesu is about to launch. In the future, the platform will support perpetual contracts, collateralized loans, and automated profit vaults.
tBTC holds custody for users, does not require KYC, and ensures security through threshold cryptography and STARK proofs. This could be a breakthrough that helps Bitcoin truly enter the world of DeFi.