<ul><li>IOG unveiled Cardinal, first protocol allowing native Bitcoin UTXOs to circulate in Cardano DeFi market.</li><li>Cardinal uses MuSig2 to secure Bitcoin, HTLC for reclaiming funds, and eUTXO smart contracts on Cardano.</li><li>Ordinals crossing the bridge retain provenance, becoming programmable assets in DeFi without losing ownership.</li><li>Cardinal aims to reduce risks compared to custodial bridges, offering interoperability while maintaining security.</li></ul>

Cardano Releases First-Ever Bitcoin DeFi Protocol: Why It Matters

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