OP_NET launched a decentralized finance (DeFi) stack on Bitcoin called 'SlowFi,' using standard Bitcoin transactions and native BTC fees instead of bridges, wrapped assets, or separate gas tokens. The platform allows token swaps without wrapped BTC, with transactions priced based on Bitcoin network fees.
The model aims to keep DeFi activity on Bitcoin's base layer, leveraging its 10-minute block times to create longer liquidity cycles. Critics argue it risks clogging Bitcoin with non-monetary transactions, while proponents say it supports miner revenue as block subsidies decline.
