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In this episode of #FinancialFox, Steffy speaks with Edan Yago, co-founder of Sovryn BTC, a Bitcoin trading and lending platform. They talk about building DeFi on Bitcoin and the differences between Ethereum and Bitcoin blockchain that can impact the DeFi ecosystem.
👉REMEMBER: All content in the video is for informational purposes only and it doesn’t constitute financial advice.
1:40 Sovryn and Bitcoin as a network
5:25 DeFi on the Bitcoin: how does it work?
7:42 Balancing Decentralisation and user experience
11:20 Education and technical knowledge for mainstream adoption
13:00 Sovryn latest features
14:53 What services can users access on Sovryn?
16:14 Sovryn governance token
17:55 Sovryn gas fees
20:50 Bitcoin vs. Ethereum network effect
23:02 Where is Bitcoin going next?
25:35 Steffy’s Final thoughts
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