DLC.Link Uses Discreet Log Contracts to Create ‘Safer Wrapped Bitcoin’

April 11: DLC.Link, describing itself as the “self-wrapping trustless bridge to DeFi,” announced the release of dlcBTC, “a safer wrapped Bitcoin alternative, built utilizing discreet log contracts (DLCs).” According to the team: “DLC.Link created a trustless bridge between Bitcoin and Ethereum, transforming Bitcoin’s role in DeFi. DlcBTC represents a significant advancement in this transformation, allowing users to seamlessly utilize bitcoin across the Ethereum ecosystem while retaining full ownership of their assets. The newly launched dlcBTC enables depositors to engage in trading, lending and hedging while maintaining self-sovereignty.”