The Scoop
DeFi and stablecoins are coming to the Bitcoin ecosystem
Jul 11, 2024
Willem Schroé, Founder of Botanix Labs, discusses building an EVM-compatible Layer 2 on Bitcoin for DeFi applications. Topics include the Bitcoin L2 landscape, improving L2s, Bitcoin applications, the future of BitcoinFi, user profiles, Bitcoin RWAs, and more.
29:21
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Quick takeaways
- Botanix Labs is developing an EVM-compatible Layer 2 on Bitcoin for deploying Ethereum smart contracts.
- Willem Froh envisions a decentralized financial system on Bitcoin, emphasizing security and stability for tokenized markets.
Deep dives
Botanix Labs - Second Layer EVM on Bitcoin
Botanix Labs, led by Willem Froh, is developing a second layer EVM on Bitcoin, fully equivalent to EVM on Ethereum. The goal is to enable running any Ethereum application on top of Botanix using Bitcoin. The project, currently on Testnet, aims to bring diverse opportunities for utilizing Bitcoin beyond its role as secure money.
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