Bitcoin DeFi Network Arch Finds VC Backer for Early-Stage Projects

Arch Labs is advancing decentralized finance (DeFi) on Bitcoin by establishing the Keystone accelerator program, aimed at nurturing emerging protocols. With $7 million in initial funding from major venture firms, they’ve partnered with DPI Capital, which is committing significant resources to back early-stage DeFi projects. The focus is on key areas such as lending platforms and decentralized exchanges, emphasizing Bitcoin's potential to rival Ethereum in yield-generating opportunities. Arch's model promotes self-custody of assets, reducing risks and encouraging broader adoption of Bitcoin in the DeFi space. Learn more about how this innovative approach could reshape the crypto landscape. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk