Jack Dorsey to develop DeFi services on Bitcoin

Did you think the DeFi was limited to Ethereum and alike? Twitter and Square CEO Jack Dorsey has a different opinion.

His new business called TBD – an open platform aiming at building DeFi services on top of Bitcoin – could make us reconsider the practices in this young and constantly evolving field.Loyal to the principles of crypto community, Mr Dorsey wants it to be “open roadmap, open development, and open source”.

The announcement comes after Square revealed a $5 M project of 100% renewable solar-powered Bitcoin mining facility and a plan to produce Bitcoin hard wallet, which will also be built “entirely in the open, from software to hardware design, and in collaboration with the community”. Decidedly, when you go into Bitcoin, you go all-in.