Bitcoin Layer-1 DeFi Stack SlowFi Launches with Low Swap Fees

OP_NET has introduced a new Bitcoin layer-1 DeFi stack named SlowFi, which claims that swaps generally cost between $1 to $2 under typical fee conditions. According to NS3.AI, the stack utilizes standard Bitcoin transactions, Taproot-based spends, and BTC as the sole gas asset, eliminating the need for bridges, wrapped assets, or a separate gas token. This launch contributes to the ongoing discussion about whether DeFi-style activities on Bitcoin enhance miner fees or displace monetary transactions.