ConsenSys: BTC Tokenization and Yield Farming Drives DeFi Growth

Cointelegraph

Published Jul 14, 2020 11:26PM ET

Updated Jul 15, 2020 01:00AM ET

The growing tokenization of Bitcoin and the emergence of yield farming has propelled the growth of the decentralized finance sector over the past three months according to ConsenSys.

The second quarter report into Ethereum-based DeFi emphasizes the significance of the total number of tokenized BTC overtaking the sum of BTC on Bitcoin’s own layer 2 scaling solution, Lightning Network.

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