Rootstock: BTCFi is shifting towards vertical markets such as mining companies and Bitcoin reserve firms

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Richard Green, Rootstock Labs’ head of its institutional and ecosystem efforts, said that the continuous contraction of liquidity in the DeFi market has prompted Bitcoin DeFi projects to adjust their development strategies. Data shows that the total value locked (TVL) across DeFi protocols has fallen from about $180 billion in October last year to roughly $70 billion. Rootstock is currently shifting its focus to specific groups, such as Bitcoin mining companies, Bitcoin reserve companies, and long-term holders, offering Bitcoin-backed loans and yield products. Although the recent Bitcoin Layer 2 project Botanix shut down due to insufficient demand, Green believes that BTCFi has not lost demand; rather, it is focusing on smaller niche markets with greater depth of demand, such as miner financing and institutional investors’ Bitcoin tokenization fund strategies. (The Block)
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Miner'sOldKeyboard
· 30m ago
Mining companies and Hodlers are indeed the last bastions of BTCFi, but halving the TVL is too painful.
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RiskParityKid
· 5h ago
Do long-term holders want profit-generating products? Isn't that a contradiction, or is it just a disguised form of leverage?
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BreadthHunter
· 5h ago
The shift from retail DeFi to institutional collateralization has completely changed the game.
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StrollingOnTheEdgeOfTheDao
· 5h ago
From 180 billion to 70 billion—this drop is even more brutal than the coin’s price; adjusting your strategy is a matter of survival, not a choice.
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AirdropCheck-InOfficer
· 5h ago
Bitcoin tokenization funds sound like putting new wine in old bottles, but institutions definitely buy into this.
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AirdropCheatSheet
· 5h ago
Botanix is all gone, Green is still claiming there's demand, is he just stubborn or has he really seen something?
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