Bridges failed.
Custodians failed.
Wrapping failed.
We’ve all watched it happen:
• $600M hacked from Ronin
• WBTC frozen during high volatility
• Multichain rugging users into oblivion
The problem isn’t DeFi.
The problem is we tried to build DeFi without Bitcoin
Or worse, we tried to fake Bitcoin into it with wrapped versions and third party keys.
That’s why @PortaltoBitcoin matters.
It’s not another Bitcoin L2 or a wBTC clone.
It’s a zero custody, bridgeless, native Bitcoin DEX with working atomic swaps using HTLCs.
The swaps go between BTC, ETH, SOL, and others using BitScaler, their new off-chain coordination layer that handles 1000s of swaps with near zero fees.
Even better, they run on a validator chain (Notary Chain) for swap coordination, but the actual BTC is never touched by them. No keys held. Ever.
This is the DeFi model that should’ve existed from day one.
Portal is building it now.
Testnet is live. SDK is public.
And they already have over $34M in funding to keep building it.
If you’re serious about DeFi + Bitcoin, this is a must watch.
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