DeFi has been in the spotlight in recent months, with several DeFi projects gaining traction in the past couple of months and their tokens soaring in prices have attracted a lot more attention.

I'm just wondering, with over USD10billion locked in DeFi protocols, can we have DeFi built on Bitcoin Network? Since Bitcoin Network is the most secure blockchain network in the industry, and DeFi handles billions of dollars and possibly trillions as it scales. Should DeFi built on the Bitcoin Network makes more sense?

I explored a little in this area, realising that there are solutions out there that brings smart contract capabilities to the Bitcoin Network(e.g. Stacks Protocol) thus I'm wondering if this idea even a feasible idea?

Would like to hear everyone's thoughts!

Wrote about it below:
https://ethan-tan.com/defi-on-the-bitcoin-network