IOVLabs, one of the global blockchain technology leaders, announced the launch of a $2.5 million strategic grants program to further enhance the development and adoption of Rootstock, the world’s first Bitcoin sidechain which has become a growing hub of DeFi activity on the Bitcoin network.
I felt interested in but when I read about DeFi, I stopped.
DeFi is full of scams and that branch can be exploited a lot by Ponzi scheme operators. Bitcoin can be used for all people and they can use Bitcoin as an attractive reason to get new members for their Ponzi schemes with DeFi and high APYs.
With Bitcoin, you don't need DeFi to gain profit.
Buy, store and hold Bitcoin in your self custody wallet is enough.
"Not your keys, not your coins".