Maestro’s indexer for Ordinals & Runes enables new Bitcoin DeFi applications on ICP
Maestro is looking to bring Bitcoin-based assets such as Ordinals and Runes into the nascent BTCFi ecosystem with the upcoming launch of a new “metaprotocol indexer” for applications built on the Internet Computer Protocol. It promises to be a key piece of infrastructure for Bitcoin DeFi developers that will change the way Ordinals and Runes can be used by financial applications, simplifying how they’re used as collateral for decentralized loans, for example. What the Indexer does is enable trustless validation of Runes and Ordinals, which means they can be verified without using vulnerable cross-chain bridges or third-party custodians. In turn, that provides increased security for every DeFi user. Ordinals and Runes are a game-changing development in the Bitcoin ecosystem. These new protocols support the creation of non-fungible tokens and memecoins that live on the original Bitcoin blockchain, increasing its utility. They have played a major role in helpi...