BTCFi has had a trust gap for quite some time.


After Celsius, Voyager, and Genesis, I don’t think serious BTC holders were rushing back into opaque yield products just because the APY looked nice.
The next version of BTCFi needs an upgrade:
→ BTC stays on the Bitcoin chain
→ Verifiable lending/borrowing terms
→ No centralized lenders hiding risks
I'd call this new Hashi primitive from @SuiNetwork an important step in the right direction, as it ticks all three.
And I trust it even more when I see names like:
→ Custody: @BitGo & @Ledger
→ Liquidity: @FalconXGlobal & @CumberlandSays
→ Banking: @ereborbank
Custody desks and prime brokers are the most risk-averse names in crypto. They only touch something new when the design holds up under real scrutiny.
Hopeful on this one. The July testnet will tell us if the design holds.
Disclosure: I'm a long-time Sui supporter.
BTC-3.27%
SUI-3.61%
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