{"id":463190,"date":"2022-06-15T13:56:08","date_gmt":"2022-06-15T10:56:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-and-lightning-network-can-save-defi-from-adversity-microstrategy-ceo\/"},"modified":"2022-06-15T13:56:08","modified_gmt":"2022-06-15T10:56:08","slug":"bitcoin-and-lightning-network-can-save-defi-from-adversity-microstrategy-ceo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-and-lightning-network-can-save-defi-from-adversity-microstrategy-ceo\/","title":{"rendered":"# Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2622ce7e6cc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2622ce7e6cc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-and-lightning-network-can-save-defi-from-adversity-microstrategy-ceo\/#%E2%80%9D_Bitcoin_and_Lightning_Network_can_save_DeFi_from_adversity_MicroStrategy_CEO_%E2%80%9C\" >&#8221; Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_and_Lightning_Network_can_save_DeFi_from_adversity_MicroStrategy_CEO_%E2%80%9C\"><\/span>&#8221; Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZDg2MTMzNTktNWQ1Ny00MDU3LWJlNWEtOWRkNmRkZDA1OTkyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>In light of the recent fragility in the decentralized finance (DeFi) sector, Bitcoin (BTC) maximalist and MicroStrategy CEO Michael Saylor feels that Bitcoin\u00a0and the Lightning network can come to the rescue of the DeFi market.<\/p>\n<p>With two enormous protocols, Terra and Celcius, facing acute difficulties within a month of each other, the DeFi sector is going through a tough time. And in a recent tweet, Saylor suggested that Bitcoin and Lightning could help stabilize the industry.<\/p>\n<p>According to Saylor, Bitcoin provides a \u201csound ethical, economic, and technical foundation for DeFi.\u201d He went on to say that the Lightning protocol and BTC token will be used to construct the next generation of DeFi.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The sound ethical, economic &amp; technical foundation for DeFi is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. The next generation of DeFi will be built using the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Lightning?src=hash&amp;ref_src=twsrc%5Etfw\">#Lightning<\/a>\u26a1\ufe0f protocol and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> token.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5LlNlXkLMt\">https:\/\/t.co\/5LlNlXkLMt<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1536746316868595715?ref_src=twsrc%5Etfw\">June 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nSaylor was responding to a Bloomberg story on Tuesday, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bnnbloomberg.ca\/defi-in-turmoil-as-eye-popping-yields-prove-too-good-to-be-true-1.1778443\">highlighting<\/a> numerous key concerns in the DeFi field. Mahin Gupta, founder of digital-asset custody platform Liminal, told Bloomberg that:<\/p>\n<blockquote><p>\u201cWhat is h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening with Celsius will have serious repercussions for the industry. It\u2019s a not-insignificant player, and its apparent failure will have ripple effects.\u201d<\/p><\/blockquote>\n<p>Celsius Networks has closed down withdrawals and other transactions on its platform barely a month after the spectacular collapse of the Terra blockchain, which enticed investors with yearly returns of around 20%. The collapse of Terra, which was triggered when its stablecoin lost its 1-to-1 peg to the United States dollar, and Celsius\u2019 halt in withdrawals have added to cryptocurrencies\u2019 losses.<\/p>\n<p>As a result, the MicroStrategy CEO has been very enthusiastic about Lightning Network, Bitcoin\u2019s layer 2-scaling solution. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1533127621420228609\">According<\/a> to Saylor, Bitcoin is the future of money and the Lightning protocol will aid in transaction scalability. He added that:<\/p>\n<blockquote><p>\u201cIf you&#8217;re going to do payments and transactions high speed, you&#8217;re going to need a base layer that\u2019s ethically sound, economically sound, and technically sound. That&#8217;s what Bitcoin is. But then billions and billions of transactions are going to go on a layer 2 like Lightning.\u201d<\/p><\/blockquote>\n<p>To date, DeFi applications on the Bitcoin network haven\u2019t attained the same level of popularity as they have on other blockchains like Ethereum and Solana. Still, some people who have studied DeFi believe that it can be implemented in a sustainable manner on the Lightning Network, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/viaj3ro\/status\/1533367673412886528\">saying<\/a> \u201cstablecoins and fully collateralized loans against your BTC do have merit.\u201d<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em>Bitcoin Lightning Network capacity charges through 4,000 BTC<\/em><\/strong><\/p>\n<p>According to the nonfungible token (NFT) project the littles creator Wil Lee, BTC and LN may give a boost of energy to DeFi and NFTs. He told Cointelegraph that while various new protocols are still in the experimental phase, protocols like BTC and LN already demonstrate their inherent strength, adding that:<\/p>\n<blockquote><p>\u201cFor anyone who wants to enter the crypto, stability is something they want to be sure about. When I know that an established protocol is in the picture, I\u2019ve peace of mind, which lends strength to the overall crypto ecosystem as well. Backed by none other than BTC, your DeFi or NFT project is sure to have many more takers.\u201d<\/p><\/blockquote>\n<p>As per Ignite\u2019s Aliasgar Merchant, DeFi is \u201cstruggling,\u201d and everyone is doing everything they can to make it through the crypto winter. He emphasized the recent events on Terra and Celius as proof that DeFi, which is intended to be the core of Web3, is failing. The two most important aspects of developing a solid DeFi system, according to Merchant, are interoperability and scalability. He added that \u201conce the base is firm we can start focusing more on niche protocols to cater to our DeFi needs.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-and-lightning-network-can-save-defi-from-adversity-microstrategy-ceo\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin and Lightning Network can save DeFi from adversity: MicroStrategy CEO &#8220; In light of the recent fragility in the decentralized finance (DeFi) sector, Bitcoin (BTC) maximalist and MicroStrategy CEO Michael Saylor feels that Bitcoin\u00a0and the Lightning network can come to the rescue of the DeFi market. With two enormous protocols, Terra and Celcius,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZDg2MTMzNTktNWQ1Ny00MDU3LWJlNWEtOWRkNmRkZDA1OTkyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74868,75029,95118,122378,74355,87110],"class_list":["post-463190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-defi","tag-lightning-network","tag-nft","tag-terra","tag-adoption","tag-lightning"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463190"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463191"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}