Charles Hoskinson Unveils Lace Wallet to Propel Bitcoin DeFi
Charles Hoskinson, who started Cardano, has once again made a big move by introducing Bitcoin DeFi. Once Cardinal Protocol was launched, confirming Cardano’s involvement in Bitcoin-based decentralized finance, Hoskinson revealed several new products meant to change the ecosystem and invite millions of users.
Recently on X (previously known as Twitter), Hoskinson informed everyone that he is currently working on four main projects: Lace Wallet, Midnight, Quantum Hosky, and RealFi. In his view, such actions may lead to huge gains for Cardano and a significant rise in how many people are adopting the platform.
Argentina Office Dedicated to Lace Wallet
The wave of innovation has put the Lace Wallet among the top options as it acts as a platform that lets users swap, lend, or stake Bitcoin via decentralized applications (dApps). In April 2023, Lace was launched on Cardano’s mainnet and is now introducing new things to Bitcoin DeFi by testing experimental Bitcoin protocols on its network.
In addition, it supports XRP, which helps it attract more users. Brandon Wolf, from Lace Wallet, said the company is hoping to send full Bitcoin to the mainnet sometime within the next few months.
🚨 Missed the Bitcoin Conference last week? No worries, we’ve got you covered.
Our GM, @BrandonWolf, hit the stage and dropped some serious gems on the current state of Lace and where we’re headed next. From BTC support to multichain strategy, there’s a lot packed in, and a few… pic.twitter.com/Ot85I3NBw8
— lace.io (@lace_io) June 2, 2025
To promote this advancement, Cardano has created an Argentinian office just for the Lace Wallet team. It was mentioned this week that Hoskinson’s team is helping with Globant on a sidechain for Cardano called Midnight and investigating DeFi on Bitcoin with BitVMX.
Quantum Hosky is an interesting project drawing inspiration from the Avatar universe: an open metaverse that operates in a 4-dimensional space and can attract a lot of users with the help of time dilation and non-Euclidean geometry.
Even while still being developed, Hosky is expected to help Cardano take part in virtual experiences. Among his various tasks, Hoskinson is also working on Midnight, the Cardano sidechain, and RealFi, a project to help the ecosystem build lasting financial assets.
Still, the projects are expected to be completed sooner or later as Cardano tries to restore its DeFi sector where the total value locked has gone down from $415 million in May to $334 million by mid-June.
