Catalog is spearheading a new era of effortless interoperability with decentralized applications. With support from leading industry figures, Catalog is poised to close the gap between Bitcoin and DeFi, once and for all.
Making up more than 60% of volume from top bridges, Bitcoin is still by far the most sought-after asset in need of an interoperability solution.
There are two common approaches for integrating Bitcoin with the broader DeFi landscape.
This approach involves trying to replicate the existing DeFi landscape on Bitcoin itself — either directly or through a layer-2 solution. While these efforts are gaining traction, it is yet to be seen whether they will sustain their momentum given Bitcoin’s inherent limitations (with programmability and scalability), as well as isolation from existing communities (see above). To fully unlock Bitcoin’s potential in DeFi, it requires a more unified integration with established ecosystems.
The most common approach for enabling Bitcoin interoperability involves relying on a third-party entity that custodies user funds while authorizing actions on other ledgers. These solutions highlighted the demand for Bitcoin-enabled dApps, but come with their own list of drawbacks including liquidity issues, long bridging times, high costs, and the complexities that arises from operating a validator set to facilitate this bridging.
Catalog is a next-generation interoperability protocol enabling seamless integration with dApps. It addresses these challenges through two key values—
Catalog sets itself apart by utilizing native assets from one user’s wallet directly to the next, eliminating the need for a custodian. By leveraging hashed timelock contracts (HTLCs) in harmony with Catalog’s instantaneous wallets, you can interact with Bitcoin in DeFi as easily as you would Ethereum or ERC-20 tokens. For comprehensive details on how Catalog makes this possible, check out the whitepaper.
Catalog’s flagship wallet integrates directly with existing dApps, meaning you can transact Bitcoin and other assets directly on your favorite exchange or NFT marketplace.
Catalog is unlocking an experience that brings DeFi and Bitcoin closer than ever before. Take part in this journey by signing up at https://catalog.fi.
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