🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Cardano launches Cardinal – the first DeFi protocol for Bitcoin
Charles Hoskinson, the founder of Cardano, just announced Cardinal – the first DeFi protocol for Bitcoin operating on the Cardano network. Cardinal uses the MuSig2 multisignature technology to support non-custodial cross-chain interactions, allowing users to directly use Bitcoin's UTXO for lending and staking on Cardano.
Notably, Cardinal also supports the use of Ordinals inscriptions as collateral, expanding the utility of Bitcoin assets within the Cardano ecosystem. This is the first solution that allows Bitcoin to participate in Cardano without the need for a third party to hold the assets.