OKX Ventures Announces Investment in DLC.Link, the First Native Bitcoin DeFi Protocol
SINGAPORE, March 14, 2024 /PRNewswire/ -- OKX Ventures , the investment arm of OKX , the world's leading cryptocurrency exchange and Web3 technology company, is proud to announce its investment in DLC.Link, the first native Bitcoin cross-chain protocol that leverages Discreet Log Contracts (DLCs) to enable Bitcoin to be used in DeFi protocols while being held in self-custody wallets.
- SINGAPORE, March 14, 2024 /PRNewswire/ -- OKX Ventures , the investment arm of OKX , the world's leading cryptocurrency exchange and Web3 technology company, is proud to announce its investment in DLC.Link, the first native Bitcoin cross-chain protocol that leverages Discreet Log Contracts (DLCs) to enable Bitcoin to be used in DeFi protocols while being held in self-custody wallets.
- Unlike other forms of wrapped Bitcoin, dlcBTC does not require Bitcoin deposits to be held with a custodian or bridged to a separate blockchain.
- Thus, dlcBTC provides a "theft-proof" protocol, in that Bitcoin deposits cannot be lost through hacks, theft or fraud.
- OKX Ventures believes that DLC.Link will unlock more value and potential within Bitcoin, and create a more open, inclusive, and decentralized financial system."