What happens if Bitcoin goes defi?

[HawkTrader]

With BTC supply set to dry up very soon, many questions are beginning to pop up like:

1. what happens if every last BTC is bought?
2. how do we control liquidity after then?
3. are we gonna be vulnerable to price manipulation?

The answer is to bring utility to Bitcoin. The only way to achieve that might be "defi" - bringing true programmability to Bitcoin L1 and make the $4T liquidity readily accessible.
Babylon opened the possibility of defi on Bitcoin network by enabling native BTC staking using the interoperable cosmos sdk though not on Bitcoin L1 which leads to liquidity fragmentation.
Now Bitcoin devs have began building the possibilty of a true "defi" Bitcoin network and one of those earliest protocol is Portal to Bitcoin where native swaps between ETH, SOL and BTC is gonna be possible using PTB as network fee.
Being one of the early users of this protocol (using a native wallet) has got me believing that defi is indeed possible on Bitcoin L1.
Just maybe, the imminent launch of PTB (set to be listed across several T1 exchanges like BG soon) might just be the necessary drive towards achieving defi on Bitcoin.

[Tinyphilus]

DeFi on Bitcoin L1 will never be a good idea to me. Bitcoin’s strength has always been its simplicity and security. Adding extensibility risks turning it into the same playground we’ve seen on other chains. If people want DeFi, there are already ecosystems built for that. Bitcoin doesn’t need to copy them, it just needs to remain the most secure, permissionless money.

[Phoenixtrader]

With BTC supply set to dry up very soon, many questions are beginning to pop up like:

1. what happens if every last BTC is bought?
2. how do we control liquidity after then?
3. are we gonna be vulnerable to price manipulation?

The answer is to bring utility to Bitcoin. The only way to achieve that might be "defi" - bringing true programmability to Bitcoin L1 and make the $4T liquidity readily accessible.
Babylon opened the possibility of defi on Bitcoin network by enabling native BTC staking using the interoperable cosmos sdk though not on Bitcoin L1 which leads to liquidity fragmentation.
Now Bitcoin devs have began building the possibilty of a true "defi" Bitcoin network and one of those earliest protocol is Portal to Bitcoin where native swaps between ETH, SOL and BTC is gonna be possible using PTB as network fee.
Being one of the early users of this protocol (using a native wallet) has got me believing that defi is indeed possible on Bitcoin L1.
Just maybe, the imminent launch of PTB (set to be listed across several T1 exchanges like BG soon) might just be the necessary drive towards achieving defi on Bitcoin.

Early days for portal, let's see if the momentum can be sustained for a longer period. For PTB since it's a utility token for portal & with the potential the project has, I've gone hard to farm it on Bitget launchpool.

few hours now and here's my allocation, hopefully I get a considerably amount from this and beging my holding joining ahah.

[gunhell16]

That's unlikely to happen because Bitcoin wasn't designed for that purpose. Those are just speculations or guesses from people like you, OP.

Do you really think Nakamoto created Bitcoin for DeFi? You know that's not true. Besides, no one knows what will happen in the future.
Have you already been to the future?

[X-ray]

With BTC supply set to dry up very soon, many questions are beginning to pop up like:

BTC will reach max supply of 21 million in 2140 therefore no more block reward, by then we'd be turned to dust already.

The BTC that haven't been minted aren't drying up anytime soon.

Bitcoin already have utility through RGB + lightning and some L2. It already gone defi if really care about it.

[asriloni]

With BTC supply set to dry up very soon, many questions are beginning to pop up like:

1. what happens if every last BTC is bought?
2. how do we control liquidity after then?
3. are we gonna be vulnerable to price manipulation?

1. Nothing happen.
2. As long as there will always be demand for Bitcoin. Liquidity will remain there forever.
3. We're not gonna be vulnerable to the price manipulation. As you can see how some insitutional bought billions of BTC and it drives the price up. Otherwise, the price can also down of those insitutional sell their Bitcoin.

Imo, Defi for Bitcoin means nothing as it's only working for wrapped BTC, not native BTC. Just ignore it as it's only giving small yield and not worthy to try. All of these BTC defi did were just selling name of Bitcoin, raised funds from VC, issue their own tokens, and run away with money.

[HawkTrader]

That's unlikely to happen because Bitcoin wasn't designed for that purpose. Those are just speculations or guesses from people like you, OP.

Do you really think Nakamoto created Bitcoin for DeFi? You know that's not true. Besides, no one knows what will happen in the future.
Have you already been to the future?

Nakamoto's primary vision was for BTC to be the currency of web3 and enable financial freedom. How can that be if tha Bitcoin economy is not universally accessible?

Blockchain technology evolves everyday to make it better; defi will definitely make Bitcoin better and more accessible.