Right, so Cardano‘s launching this Cardinal thingy. Apparently, it’s supposed to let Bitcoin people play in their DeFi sandbox. Cross-chain integration, they’re calling it. Sounds kinky.
Charlie H, the Cardano daddy, retweeted something about it. Roman Pellerin, some techy dude at Input Output Global (IOG) – sounds like a dodgy corporation, doesn’t it? – actually wrote the original post.
First Bitcoin Ordinal Already Bridged
Apparently, they’ve already wrapped and unwrapped a Bitcoin ordinal. Across the Bitcoin and ADA mainnets, no less. Big whoop. They’re calling it a “critical technical milestone.” I’d call it a Tuesday.
But, plot twist! Pellerin’s being all coy, saying Cardinal’s still a baby. “Not ready for production yet,” he says. Translation: Expect bugs. Lots of them. They’re promising a version 1.0 eventually. Don’t hold your breath.
Safer Onchain Access for BTC Holders
So, Cardinal’s supposed to give Bitcoin bros a VIP pass to Cardano’s DeFi world. Lending, staking, yield strategies… all the fun stuff. Backed by BTC, naturally. Because everything’s better with Bitcoin, right?
Cardano’s really trying to get Bitcoin’s attention, aren’t they? Desperate much? They’re all about “reducing barriers” and “unlocking cross-chain capital flows.” Sounds like a pyramid scheme with extra steps.
They’re still fiddling with the protocol, apparently. Version 1.0 updates are “expected soon.” Which, in crypto time, could mean anything from next week to never. ♀️
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2025-06-10 23:01