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Elastos Raises 20 Million USD to Build DeFi Protocol for Bitcoin
The Elastos project has recently announced that it successfully raised 20 million USD to develop the BeL2 DeFi protocol for Bitcoin, aiming to make Bitcoin a stronger platform for decentralized finance (DeFi) applications.
Goals of Elastos
#Elastos is a decentralized infrastructure provider that is developing BeL2, a DeFi protocol that allows Bitcoin users to use their Bitcoin as collateral to participate in smart contract services on Ethereum, such as creating stablecoins and peer-to-peer lending. Elastos hopes to expand this protocol to utilize Bitcoin as a utility layer for DeFi transactions.
Goals of Elastos
#Elastos is a decentralized infrastructure provider that is developing BeL2, a DeFi protocol that allows Bitcoin users to use their Bitcoin as collateral to participate in smart contract services on Ethereum, such as creating stablecoins and peer-to-peer lending. Elastos hopes to expand this protocol to utilize Bitcoin as a utility layer for DeFi transactions.
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Elastos will host AMA X on April 10
Elastos will host an AMA at X with its partner Alibaba Cloud on April 10th. The discussion will focus on the significant transition from Web2 to Web3, a transformation that is seen as a radical change rather than simply an evolution.
Refer to the official ELA tweet
Elastos is a project whose goal is to create a secure and decentralized Internet platform. This platform allows developers to create applications that do not interact directly with the Internet, but instead run through the Elastos Runtime.
#ela #elastos #news #CryptoNews #ama
Elastos will host an AMA at X with its partner Alibaba Cloud on April 10th. The discussion will focus on the significant transition from Web2 to Web3, a transformation that is seen as a radical change rather than simply an evolution.
Refer to the official ELA tweet
Elastos is a project whose goal is to create a secure and decentralized Internet platform. This platform allows developers to create applications that do not interact directly with the Internet, but instead run through the Elastos Runtime.
#ela #elastos #news #CryptoNews #ama
Elastos raises $20M in a funding round
#Elastos secures $20M in a funding round from #RollmanManagement . Elastos will utilize raised funds to expand its merge-mined $ELA token as a #Bitcoin reserve asset. Additionally, Elastos aims to scale its Bitcoin #DeFi protocol #BeL2 as a utility layer for the world's original blockchain.
Elastos is a decentralized infrastructure provider with a mission to create accessible, open-source technologies and services for the world in order to empower a better, self-sovereign internet where users own, control and monetize their data.
👉 x.com/ElastosInfo/status/1884970459919274298
#Elastos secures $20M in a funding round from #RollmanManagement . Elastos will utilize raised funds to expand its merge-mined $ELA token as a #Bitcoin reserve asset. Additionally, Elastos aims to scale its Bitcoin #DeFi protocol #BeL2 as a utility layer for the world's original blockchain.
Elastos is a decentralized infrastructure provider with a mission to create accessible, open-source technologies and services for the world in order to empower a better, self-sovereign internet where users own, control and monetize their data.
👉 x.com/ElastosInfo/status/1884970459919274298