OKX Ventures announces investment in the first native Bitcoin DeFi protocol DLC.Link

ChainCatcher news, OKX Ventures announced an investment in DLC.Link. DLC.Link is an innovative project aimed at bringing the power and innovation of DeFi into the Bitcoin ecosystem without compromising on security, decentralization, or user experience. DLC.Link collaborates with institutions (referred to as "dlcBTC merchants") to mint dlcBTC, a decentralized Bitcoin wrapper. Unlike other forms of wrapped Bitcoin, dlcBTC does not require Bitcoin to be entrusted to custodians or bridged to another blockchain.

Dora, the founder of OKX Ventures, expressed excitement in supporting the vision and mission of DLC.Link. DLC.Link's dlcBTC solution brings revolutionary advancements for Bitcoin's application in decentralized finance (DeFi), with a non-custodial wrapping method that allows users to manage their Bitcoin independently, without worrying about third-party risks such as mismanagement or theft. Additionally, its unique token redemption cap mechanism and multi-account decentralized management strategy significantly reduce centralized risks and enhance system resilience. DLC.Link enables users to participate in the DeFi ecosystem through self-custody, fostering widespread user adoption and innovation, and opening the door to providing more value and choices for digital asset investors.