Charles Hoskinson Launches First Bitcoin DeFi Protocol on Cardano
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 10 2025Introduction of Cardinal Protocol: Charles Hoskinson has launched the Cardinal Protocol, enabling Bitcoin to be utilized in decentralized finance (DeFi) on Cardano without third-party custodians, allowing users to engage in lending, borrowing, staking, and farming with Bitcoin.
Innovative Features and Future Enhancements: The protocol employs MuSig2 for secure transactions and integrates with various networks, while off-chain verification through BitVMX enhances functionality; future improvements could include zero-knowledge proofs and better liquidity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
