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Elastos announced a financing of US $ 20 million, and plans to expand the Bitcoin DEFI protocol Bel2

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Reprinted from panewslab

01/30/2025·3M

Panews January 30 news, according to CoinDesk, decentralized infrastructure provider Elastos has raised $ 20 million from private investment company Rollman Management to expand its Bitcoin DEFI protocol Bel2 and promote its combined mining token ELA As a Bitcoin reserve asset.

Bel2 allows Bitcoin to mortgage BTC and access Ethereum smart contract services, such as stable coin casting and point -to -point borrowing. Elastos aims to use Bitcoin's nearly $ 2 trillion market stock to introduce richer Defi applications to the BTC ecosystem to enhance liquidity and security, while making up the shortcomings of Bitcoin network in DEFI's practicality.

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