22min chapter

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Can DeFi Be Built on Bitcoin? w/ Tony Cai

Galaxy Brains

CHAPTER

Building Financial Instruments on the Bitcoin Blockchain

This chapter explores the development of financial instruments on the Bitcoin blockchain, including the use of multi-sig with an oracle. It discusses the implementation of covered call strategies and the differences between decentralized finance and traditional finance. The chapter also highlights the need for non-custodial financial tools and the programmable aspects of Bitcoin.

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