OP_NET launches Bitcoin DeFi push without bridges or wrapped BTC
OP_NET has launched a “SlowFi” DeFi stack that runs smart contracts directly in standard Bitcoin transactions with BTC as the only gas asset, avoiding bridges and wrapped BTC.
OP_NET said it is launching a “SlowFi” decentralized finance (DeFi) stack on Bitcoin that uses standard Bitcoin transactions and native BTC fees rather than bridges, wrapped assets or a separate gas token.
According to a Thursday release shared with Cointelegraph, the project is part of a broader push to bring trading and yield-style activity directly onto Bitcoin’s base layer instead of routing it through sidechains, bridges or adjacent networks. OP_NET is betting some users will accept slower and more expensive transactions in exchange for staying fully on Bitcoin.
According to OP_NET co-founder Frederic Fosco, who goes by Danny Plainview, applications run through standard Bitcoin (BTC) transactions using Taproot-based spends, while the platform’s NativeSwap model is designed to support token swaps without wrapped BTC or a separate gas asset. Plainview told Cointelegraph that every transaction on OP_NET is “just a Bitcoin transaction with BTC as the only gas asset.”