Core DAO talks about the development of DeFi, blockchain security
The Bitcoin MENA conference in Abu Dhabi gathered leading figures in blockchain innovation on December 9 to discuss the future of decentralized finance (DeFi) and blockchain security.
In an exclusive interview with Cointelegraph, Head of Ecosystem Development at Core DAO, Adam Bendjemil shared his approach to Bitcoin-based DeFi (BTCFi) and security.
Core DAO is a Layer-1 (L1) blockchain that integrates the security of Bitcoin (BTC) with the Ethereum Virtual Machine (EVM) to improve the DeFi ecosystem.
Bendjemil highlighted the Core DAO's aim to increase trust in DeFi systems by integrating financial solutions with Bitcoin's security measures – leading to broader blockchain adoption.
Adam Bendjemil on Bitcoin MENA. Source: Cointelegraph
Related: Bitcoin Hits $110K in January, Hints at $20B TRX ‘Altseason' – Finance Redefined
DeFi on Bitcoin
Bendjemil explained how Core DAO differs from other DeFi platforms such as those based on Ethereum and BNB Chain by integrating Bitcoin into its operations.
The platform expressed its confidence in EVM-compatible technologies to increase access and adoption.
Shuka disagrees with critics, saying “the core is boring” but “boring is good” because it has a “battle-tested” feature — the process of creating a new blockchain by copying existing code.
“It's about bringing it where we're comfortable. [users] They embedded a highly successful, battle-tested, protocol of their own into code known by security companies many times over. […] Then add a bitcoin twist.
Related: P2P.org Expands Share Service with Tons Integration
Safety first, innovation second
Bendjemil Core DAO prioritizes a “security-first” approach when addressing security concerns in DeFi, using technologies such as Solidity and Auditing to reduce the risks associated with DeFi protocols.
He emphasized the importance of protocol security to build trust and long-term adoption, explaining that “adoptions go with security first” and “holding BTC is a winning strategy.”
By focusing on these elements based on a proven framework and constantly implementing new innovations through BTCFi, Bendjemil said Core DAO is working to maintain a balance between tech development, security and overall stability.
Related: Is the ‘memecoin supercycle' already over? Analysts weigh in.
Could BTC be above $110,000 by January 2025?
According to the founder and CEO of Global Macro Investor Raul Paul, the price of $110,000 is only a “local high” for the next BTC cycle “parabolic phase” entering the market cycle.
The company's chart showing BTC's price trajectory revealed that there were “many simulations” and the discovery of the main GMI Total Liquidity Index Bitcoin chart.
The first chart shows BTC nearing $110,000 in January 2025 before falling below $70,000 in February 2005, which is expected to rise again in the third quarter of 2025, becoming a “temporary liquidity peak.”
Magazine: ‘Normie degens' enter crypto tokens to reward sports fans
