Plasma‘s bitcoin bridge uses trust and minimised pBTC to bring BTC to DeFi.
This 1:1 backed token allows the native use of BTC in smart contract, as collateral and cross chain using layerzero OFT.
Verifiers deposits sign off; limit, signature based security for withdrawals is ‘virtually zero’, not allowing a single party to assume complete custody.
US$7.06B bridged TVL, showing more adoption giving Plasma a viable source of Bitcoin to be programmable as an industry.
