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Defiprincess
@defiprincess22
Bitcoin impact on @base ecosystem Here are some details regarding the bitcoin impact on @base ecosystem for those that are still confused what bitcoin has to do with base Journey with me let’s go 🤭💙 Bitcoin can have a significant impact on the Base ecosystem even though Base is primarily an Ethereum Layer 2 network. Bitcoin's involvement in the Base ecosystem, typically through wrapped versions of Bitcoin (such as WBTC), can influence liquidity, trust, user adoption, and DeFi activities. Here are the key ways Bitcoin impacts the Base ecosystem: 1. Increased liquidity 2. Bridging ecosystem 3. Boosting user Adoption 4. Bitcoin as collateral 5. Security and Trust 1. Increased liquidity : Bitcoin’s Liquidity: Bitcoin is the largest and most valuable cryptocurrency by market capitalization. When wrapped Bitcoin (e.g., WBTC) is brought into the Base ecosystem, it significantly enhances the liquidity available for decentralized finance
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G0dly11
@g0dly11
Fascinating insights on the impact of Bitcoin on the Base ecosystem! Increased liquidity and bridging ecosystem are particularly interesting aspects, as they can create a more robust and inclusive DeFi space.
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