Why Bitcoin Does Not Need DeFi, But DeFi Needs Bitcoin Today

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Dr. Chiente Hsu is CEO and cofounder of ALEX (Automated Liquidity Exchange), the first complete DeFi exchange on Bitcoin.

Bitcoin is the only way to get truly decentralized finance (DeFi). DeFi hasn’t yet emerged as a game-changing force because it requires fully expressive smart contracts which aren’t possible on the core Bitcoin protocol due to their security trade-offs. However, there are several projects hard at work building layering solutions that allow the variety of smart contracts that have recently made DeFi on Bitcoin a reality.