Hello everyone! How are you?
This is my first post, I really didn't know where to ask this and I found this beautiful forum full of bitcoiners.
I recently found RSK (https://www.rsk.co/) looking for DEFI projects where to invest my savings.
This project from what I found out is a BTC sidechain where they add smartcontract allowing you to do DEFI of BTC, tokens, etc.
Being a BTC sidechain, it takes advantage of the decentralization of the BITCOIN blockchain and therefore they call themselves the second most decentralized blockchain in the market since they take advantage of BTC miners. It is also compatible with EVM so it can be used from metamask without limitations.
It is also a project that was born in 2017, long before the multiple EVM projects that are now so its antiquity gives me a lot of security.
Recently they published this article:
https://blog.rsk.co/noticia/with-rbtc-powering-defi-for-bitcoin-why-wrap-your-btc/
Considering its huge advantages comparing rBTC with WBTC over ETH, I fail to understand why this Blockchain is not extremely famous. It has very good projects like Sovryn and Tropykus for DEFI.
They manage a leveraged Bitcoin called Bpro that for some strange reason that I still do not find out well when BTC goes up you win x2 but if it goes down you do not lose x2, but less within MoneyOnChain.
I wanted to know what this beautiful community thinks about it!
I am sorry if this is not the right way to ask this.
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