Bitcoin Rollup Citrea Launches Clementine Bridge on Testnet for DeFi
Citrea has launched the Clementine Bridge on Bitcoin's testnet, aiming to enhance Bitcoin's utility by addressing collateral requirements for layer 2 and sidechain integration.
- The bridge utilizes the BitVM2 programming language to enable decentralized finance (DeFi) applications on Bitcoin.
- Citrea identifies secure bridging as a key challenge for using Bitcoin in programmable environments.
- Clementine provides a trust-minimized solution for bridging Bitcoin into DeFi.
- BitVM allows for Ethereum-style smart contracts on Bitcoin but requires BTC deposits for each computation.
- Citrea's innovation enables operators to use a single collateral for multiple peg-outs, streamlining the process of moving assets back to Bitcoin.
- The upgraded BitVM2 allows any participant to challenge suspicious transactions, enhancing security and transparency.