Wu Shuo learned that Strategy founder Michael Saylor recently published an article proposing a five-layer architecture of the "Modern Digital Asset Stack" based on Bitcoin. The architecture is sequentially: digital capital (BTC), digital credit (such as STRC yield tools), digital currency (stable yield tools combining fiat liquidity), digital yield (leverage and structured products), and digital equity (stock assets like MSTR that absorb volatility). Saylor stated that this system does not require changing the underlying Bitcoin protocol and can transform BTC's inherent volatility into financial products that meet various investors' needs, which is a key pathway for Bitcoin to integrate into the global financial infrastructure.

BTC0.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 2
  • Share
Comment
Add a comment
Add a comment
BerryColdWallet
· 2h ago
The best part is that there's no need to modify the underlying protocol; Bitcoin purists should be able to reluctantly accept it?
View OriginalReply0
AirdropMileCounter
· 5h ago
MSTR positions itself as digital equity that absorbs volatility—its stock price volatility is truly “worthy,” hahahaha.
View OriginalReply0
0xSideQuest
· 5h ago
The five-layer stack concept sounds pretty convincing, but in practice the rollout order is most likely to squeeze in from both ends—digital capital and digital equity—toward the middle.
View OriginalReply0
GotLiquidatedAgainLastNight.
· 5h ago
Stable income tools combined with fiat liquidity—this description sounds like it’s what the RWA race is fighting over.
View OriginalReply0
CandleLibrarian
· 5h ago
The digital credit layer uses STRC as a yield tool, and this naming is very strategic—but the exact mechanism for how it’s anchored will depend on the audit verification.
View OriginalReply0
0XNightRun
· 5h ago
Saylor's five-layer architecture is basically just putting a DeFi shell around BTC; traditional finance players can finally comfortably get on board.
View OriginalReply0
  • Pinned