Leading altcoins Cardano 
$0.938743 and Chainlink 
$24 have signed new collaborations aimed at expanding the DeFi ecosystem and providing increased liquidity to the Bitcoin 
$99,779 network. Cardano is set to offer its users Bitcoin liquidity through a partnership with BitcoinOS, while Chainlink aims to deliver oracle services to Bitcoin via Spiderchain. These initiatives signify significant advancements in blockchain technology and DeFi projects.
Cardano Provides Direct Access to Bitcoin Liquidity
Through its agreement with BitcoinOS, Cardano is preparing to grant its users direct access to Bitcoin liquidity. This collaboration eliminates the need for intermediaries, enabling users to directly reach their Bitcoin assets. The integration aims to enhance interoperability between blockchains, offering a secure and decentralized infrastructure through zero-knowledge (ZK) cryptography and the BOS Grail bridge.
Supported by Emurgo, this initiative allows Cardano to tap into the $1.3 trillion Bitcoin liquidity market. Edan Yago, co-founder of BitcoinOS, remarked on this development, stating, “We are at a completely new stage for Bitcoin, Cardano, crypto, and finance.”
Chainlink Integrates Oracle Services to Bitcoin
Chainlink has partnered with Spiderchain to integrate oracle services into the Bitcoin ecosystem. Spiderchain, developed by Botanix Labs as part of Chainlink’s Scale program, contributes to the functionality of Bitcoin through layer-2 solutions, rollups, and smart contracts.
With Chainlink’s Cross-Chain Interoperability Protocol (CCIP), token transfers between different blockchain networks are facilitated. This integration aims to enhance the functionality of smart contracts by providing external data, such as market prices and weather information, to Bitcoin’s database.
A New Era in the DeFi Ecosystem
These integrations by Cardano and Chainlink emerge as significant steps in terms of liquidity and functionality within the crypto ecosystem. These developments enable users to conduct transactions more easily and securely across different blockchain networks, heralding a new era in the DeFi ecosystem.
