Arkadiko: The Protocol Bringing DeFi To Bitcoin Through Self-Repaying Loans – Forbes

Arkadiko: The Protocol Bringing DeFi To Bitcoin Through Self-Repaying Loans – Forbes

The Arkadiko Bridge is a Mycenaean bridge near the modern road from Tiryns to Epidauros on the Peloponnese in Greece. The bridge dates back to the Greek Bronze Age, and it is one of the oldest arch bridges still in existence and the oldest preserved bridge in Europe.

Like the Arkadiko Bridge, the Arkadiko protocol aspires to serve as a perennial gateway bridging DeFi and a host of new financial applications to Bitcoin.  

When asked about his inspiration for launching the project, Arkadiko Core Contributor Philip De Smedt commented, “We wanted to build something that can last for centuries. The world needs a new set of decentralized financial services that ultimately settle on Bitcoin, the biggest and most secure blockchain in the world. Arkadiko requires minimal trust from the user. Protocol decisions are made through a DAO, governance is not run by a small group of people, but by a collection of contributors who help steer the protocol in the right direction.”

The first major DeFi application Arkadiko launched is the ability for users to access self-repaying negative interest rate loans.
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