DogeOS Team Annnounces New Partnership Between Dogecoin And Bitcoin
The DogeOS workforce has revealed a brand new partnership between Dogecoin and Bitcoin, which is bullish for the meme coin’s ecosystem. Notably, this comes amid different bullish fundamentals equivalent to the approaching launch of the primary Dogecoin ETF.
DogeOS Announces Partnership Between Dogecoin and Bitcoin
In an X post, DogeOs said that for the primary time, Bitcoin is becoming a member of the Dogecoin group, enabling BTC’s trillion-dollar liquidity to stream into their ecosystem via its partnership with Lombard Finance. The workforce additional famous that this may result in deeper markets and extra capital for builders, whereas additionally offering extra monetary firepower for mainstream Dogecoin applications.
The announcement comes after the DogeOS workforce teased that one thing massive was taking place between Bitcoin and Dogecoin. The workforce additional added again then that the 2 OG crypto communities are about to turn into “very shut buddies.” According to the press release, Lombard Finance will convey Bitcoin’s yield into the Dogecoin ecosystem via DogeOS.
DogeOS famous that Lombard has $1.5 billion in whole worth locked (TVL) and 82% of LBTC actively deployed in DeFi protocols, having turned billions of {dollars} in Bitcoin into yield-bearing capital throughout the business. Now, the DeFi protocol is integrating this LBTC into the Dogecoin ecosystem, with this capital powering functions on the community.
DogeOS declared that this isn’t simply one other DeFi integration however one which represents Bitcoin’s first true entry right into a community-driven crypto tradition. The platform famous that that is vital for DOGE holders as BTC’s trillion-dollar liquidity community is now flowing into their ecosystem and offering extra monetary energy for stakeholders on the community to construct.
On the opposite hand, for Bitcoin holders, DogeOS said that it supplies them entry to the “most welcoming, modern group in crypto.” These holders get to take part in gaming, DeFi, and AI experiences whereas incomes yield.
More Capital Set To Flow Into DOGE Ecosystem
In addition to the Bitcoin and Dogecoin partnership, extra capital can be set to stream into the DOGE ecosystem via the primary Dogecoin ETF that’s launching tomorrow. Bloomberg analyst Eric Balchunas revealed that the REX-Osprey DOGE ETF is slated for a September 11 launch and can commerce below the ticker ‘DOJE.’
This Dogecoin ETF is launching below the 40 Act, whereas 33 Act DOGE ETF filers, equivalent to Grayscale and Bitwise, look ahead to the SEC’s approval, which is more likely to come subsequent month. Balchunas famous that this growth is about to kick off the meme coin ETF period, as will probably be the primary ETF that gives publicity to any meme coin. The Bloomberg analyst said that that is the “first-ever” U.S. ETF to carry one thing that has no utility on goal.
At the time of writing, the DOGE worth is buying and selling at round $0.24, up within the final 24 hours, in line with data from CoinMarketCap.
