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

BlockBeats news, on March 14, OKX Ventures announced its investment in DLC.Link. DLC.Link is a groundbreaking project that aims to bring the power and innovation of DeFi to the Bitcoin ecosystem without compromising on security, decentralization or user experience. DLC.Link partners with institutions (called “dlcBTC merchants”) to mint dlcBTC, a decentralized wrapper for Bitcoin. Unlike other forms of wrapped Bitcoin, dlcBTC does not require the Bitcoins to be held in trust with a custodian or bridged to another blockchain. Dora, founder of OKX Ventures, said that he is pleased to support the vision and mission of DLC.Link, which has brought revolutionary progress to the application of Bitcoin in the field of decentralized finance (DeFi) through its dlcBTC solution, dlcBTC A non-custodial wrapper that allows users to manage their Bitcoins themselves without worrying about third-party risks, such as asset mismanagement or theft. In addition, its unique token redemption cap mechanism and multi-account decentralized management strategy greatly reduce centralization risks and improve the flexibility of the system. DLC.Link can help users participate in the DeFi ecosystem through self-custody, introduce widespread user adoption and innovation, and open the door to provide more value and choices for digital asset investors.