Cardano Explores Bitcoin DeFi with Pogun
A new article examines Charles Hoskinson's Pogun initiative, outlining Cardano's plan to bring Bitcoin DeFi through a BitVM-based bridge while analyzing its potential impact on ADA demand and ecosystem adoption.
crypto.news
🔗
Hoskinson wants Bitcoin's money on Cardano. Here's the plan.
Cardano founder Charles Hoskinson has laid out a strategy to bring Bitcoin into Cardano's DeFi ecosystem through a platform called Pogun, targeting the roughly $1.6 trillion in idle Bitcoin.
The mechanism that matters for ADA holders: every transaction in the system requires ADA for fees, paid invisibly by Bitcoin users, creating a demand driver that Cardano's token has lacked.