/biz/ - Business & Finance

Read this and tell me this shit isn’t going fucking parabolic: Current Bitcoin holders have no way to let the capital in their wallets work for them — to hodl is the only way. By equipping BTC with the ERC20 interface and smart-contract interoperability it becomes more versatile - it becomes vBTC. The future for Bitcoin on the DeFi space is bright, as its supply can be locked into protocols for lending, options, and other DeFi use-cases, reducing its volatility and potentially increasing market value.

Strudel stands as the token that governs vBTC, the reward token, and is the protocol that wraps vBTC creating the trustless bridge that moves #DeFi to a more secure BTC and Ethereum link.


trusted = multisig, meaning a handful of people own the digital signatures that makes your, for example, wbtc (since it uses multisig), wbtc. this opens a possibility for the creators of the project to rug on you, since you yourself don't actually own the digital signatures to your btc
trustless = the owners of the project themselves dont own the digital signatures to your synthetic btc, meaning they can't really steal it from you


Think about all the retarded pumps on meme tokens in the past few days, then imagine a small marketcap token with an actual use case, disruptive tech, and good devs(nerdfinance/sushiswap). Think about the next week or so, around a 50M mcap is $100.
Good luck strudelbros