I came across https://portaldefi.com/ and was wondering how the Sovryn team views the competition in the BTC DeFi space…? Would love to hear your in-depth takes on the technical similarities, differences and vision.
Portal Defi is a decentralized financial platform that blends the
best of Bitcoin and Layer 2
With Portal, Decentralized finance becomes uncensorable, peer to peer, and trust minimized. Just like the underlying properties of Bitcoin. Portal swaps move provable execution of cross chain contracts to layers 2 and 3, which allows the speed and liquidity of centralized alternatives, with the trust minimization guarantees of Bitcoin.