The Bitcoin DeFi protocol Brotocol is officially launched, introducing cross-chain trading and payment solutions
ChainCatcher news, according to official sources, the Bitcoin native DeFi protocol Brotocol has officially launched, aiming to promote the development of "BTCFi" (Bitcoin ecosystem DeFi) by building cross-chain infrastructure, trading, and payment tools. It is reported that Brotocol positions Bitcoin as the core asset of DeFi, emphasizing the connection of global liquidity through a native cross-chain solution without relying on Ethereum architecture.The core functional modules include:BroBridge (Cross-chain bridging)Supports users to transfer on-chain stablecoins (such as USDC) from chains like Arbitrum and Solana into the Bitcoin network, and allows assets to be staked through the Babylon protocol, maintaining Bitcoin's attributes as a foundational financial account.BroSwap (On-chain trading, currently in public beta)Allows users to exchange tokens directly within Bitcoin wallets (such as Xverse), supporting swaps between BTC and assets like USDT, SOL, ETH, and MEME coins, without the need to manage multiple chain wallets.BroPay (Payment gateway)Non-Bitcoin users can pay merchants using ETH, SOL, or USDT, with the backend automatically converting to native BTC for settlement, reducing the entry barrier for using the Bitcoin ecosystem.Brotocol plans to collaborate with multi-chain projects to build a unified ecosystem and has already partnered with Joltz to integrate USDT and Taproot assets, connecting the Bitcoin Lightning Network, Liquid sidechain, and DeFi protocols. Its long-term goal is to provide seamless Bitcoin financial infrastructure for developers, users, and merchants.The project team claims that the introduction of on-chain stablecoins for Bitcoin may trigger a "BTCFi Summer," encouraging users to manage BTC and stablecoins through a single Bitcoin wallet and participate in DeFi applications. More technical details can be found in their official Medium article.