DLC.Link Integrates Portal DeFi to Increase Mainstream Adoption of Self-Custodied Wrapped BTC
DLC.Link, creator of a novel self-custodied wrapped BTC, backed by prominent investors including OKX Ventures, Chainlink Foundation, Animoca Ventures and Foresight Ventures, today announced an integration with Portal DeFi, the world’s first cross-chain, cross-layer Bitcoin DEX using atomic swaps. The dlcBTC token is a safer wrapped Bitcoin alternative, utilizing Discreet Log Contracts (DLC), where users retain full custody of their funds. The partnership will integrate the newly launched dlcBTC into Portal DEX, making Portal the first AMM to offer one-click trading of dlcBTC against native BTC, along with BRC20s, Ordinals and Runes.
Speaking about the partnership, Aki Balogh, Co-Founder and CEO of DLC.Link, said, “Using its unique atomic swap technology, Portal DeFi will enable users to swap dlcBTC (self-wrapped Bitcoin on other chains) with L1 BTC. This is not possible on DEXes such as Curve, as they do not support the Bitcoin chain.”
DLC.Link plans to support liquidity pools of dlcBTC on Portal DEX to create seamless trading of dlcBTC against Bitcoin and other chain L1 and L2 assets, natively, with the high speed and low costs associated with centralized exchanges, without third party custodians.
“We are excited to be partnering with DLC.Link to provide trustless trading of $dlcBTC,” said Chandra Duggirala, CEO and Co-founder of Portal. “DLC.Link’s innovative self-wrapping mechanism is aligned with our mission of making access to Bitcoin safer, by removing intermediaries, vaults and third-party custody of any kind.”
About Portal DeFi
Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent investors. For more information, visit https://portaldefi.com, X (Twitter), Discord, Medium and Telegram
About DLC.Link
DLC.Link harnesses the power of Discreet Log Contracts (DLCs) to establish a trustless bridge between Bitcoin and Ethereum. DLC.Link launched dlcBTC, enabling depositors to self-wrap their Bitcoin for DeFi on Ethereum while retaining full custody of their assets. This innovation transforms Bitcoin’s role in DeFi, empowering depositors to engage in trading, lending, and hedging while maintaining self-sovereignty. For more details, visit dlc.link, X (Twitter), and Discord.
