Elastos Gets $20M Boost From Rollman to Enhance Bitcoin's DeFi Capabilities
Elastos, a pioneering decentralized platform, has received a significant boost with a $20 million investment from Rollman Management Digital. This investment aims to enhance Bitcoin's capabilities directly, facilitating the creation of decentralized finance (DeFi) applications and addressing its inherent limitations.
Elastos stands out by introducing innovative concepts such as total decentralization, scalability, and security. It also implements a community governance model based on its native token, ELA, ensuring transparency and democratic management. The platform connects Bitcoin's value with the DeFi ecosystem through its native Bitcoin DeFi protocol, BeL2. This protocol allows users to access Ethereum smart contract services without centralized intermediaries, boosting development in the DeFi sector on the Bitcoin network.
Elastos' platform, Elacity, empowers creators to monetize their digital content in a decentralized manner through content tokenization. Acting as a utility layer on top of Bitcoin, Elastos creates an environment for DeFi services using Bitcoins as collateral. The total value locked (TVL) in the Bitcoin DeFi ecosystem has surpassed $7.2 billion, indicating rapid growth and institutional adoption.
With a $20 million investment from Rollman Management Digital, Elastos is poised to drive innovation in the Bitcoin DeFi ecosystem. Its unique features and ambitious goals position it to significantly impact the decentralized finance sector, enhancing Bitcoin's capabilities and facilitating DeFi app creation.
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