Cardinal Unveiled: Cardano’s First Trustless Bitcoin DeFi Protocol

Charles Hoskinson, founder of Cardano, announced the launch of Cardinal, Cardano’s first decentralized finance (DeFi) protocol directly supporting Bitcoin without intermediaries. Cardinal represents a significant step towards expanding Cardano’s capabilities and integrating with the Bitcoin network. The protocol prioritizes a secure and transparent environment for users, emphasizing ease of use. Cardinal will enable users to interact with Bitcoin in novel ways within the Cardano ecosystem, including lending and staking opportunities. This integration aims to enhance Cardano’s scalability and attract more users and developers. This launch marks a milestone in Cardano’s journey towards building a global decentralized financial system. Cardinal will offer advanced tools for experienced users alongside a user-friendly interface for beginners. The Bitcoin-Cardano integration unlocks new possibilities for innovative financial products and services.