Bitcoin is fungible freedom.
And $UST makes that freedom easier to spend and more attractive to hold ❤️
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Add bBTC to Anchor and we won't be able to see anything in the rear view mirror. The apex Store of Value asset and apex stablecoin: the definition of synergy.
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Where will the yield come from though? BTC LP positions on Thorchain?
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Mmmm borrowing ust against btc hash power derivatives??
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The issue is basically that there is no native yield on BTC... the protocol would always have the IL risk if the yield would come from LPs...
Anyone has a brilliant idea how to get a propper yield from BTC without IL risk?
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Bringing in yield-bearing hashpower futures as opposed to BTC itself (which is non-yield bearing and therefore outside of the normal Anchor framework)?
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