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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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2️⃣ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
Details 👉 https://www.gate.com/post/st - 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Post original content (at least 100 words) on Gate Square related to
#Spot Bitcoin ETFs Top 1.1M BTC# #May CPI Incoming# Cardano launched Cardinal, a key protocol aimed at connecting the vast liquidity of Bitcoin with the DeFi ecosystem of Cardano.
This initiative, highlighted by Cardano founder Charles Hoskinson and IOG CTO Roman Pelerin, marks their most direct step towards integrating Bitcoin.
Although it is already able to "wrap" Ordinals, Pelerin notes that the protocol is still not "production-ready," with improvements planned for version 1.0.
Cardinal allows Bitcoin holders to access DeFi services such as lending on Cardano, without relying on centralized bridges.
This is achieved through the secure "wrapping" of Bitcoin UTXO in one-to-one pegged tokens, allowing for full redemption.
The protocol utilizes a minimal trust model and MuSig2 for enhanced security, ensuring decentralization and protection against chain reorganization.
In addition, Cardinal integrates BitVMX, an offline computing system, for efficient and programmable interactions between the two blockchains. This move by Cardano promises to open up significant new opportunities for both BTC and the broader DeFi environment.