New Layer Capital is delighted to announce our participation in DLC.Link’s $1M pre-seed round.
DLC.Link is building infrastructure to enable smart contract settlement on native Bitcoin, with the initial use cases focusing on currency hedging and lending. DLC.Link is building the bridge and network that will unlock a secure and decentralized way for smart-contracts to operate with native Bitcoin without the need to send it to another party or blockchain (i.e. no need to “wrap” the BTC).
The use of Discreet Log Contracts (DLC) technology, when combined with a battle-tested oracle solution such as Chainlink or QED, unlocks bitcoin liquidity without involving a custodian or having to trust a single third-party.
DLC.Link has partnered with both Stacks and Chainlink to develop its technology. The Company was awarded a $250,000 grant by Stacks to help build this infrastructure to bring true Bitcoin DeFi to Stacks. DLC.Link was also awarded a Chainlink Community Grant to develop open-source infrastructure for bridging data from Chainlink oracles to DLCs on the Bitcoin network.