BTCfi just got an upgrade.
Introducing the Bitcoin Stability Module:
A new way to mint eBTC directly with Bitcoin-backed assets at a 1:1 ratio.
Here's what it means for you 🧵 ⤵️

7. The BSM pushes our mission forward: bringing Bitcoin to DeFi without giving up security or decentralization.
The future of BTCfi is here, built on eBTC.
Note: Currently, there's a 5 eBTC cap on minting through the BSM as we monitor initial usage.
Technical users can interact with the BSM directly through Etherscan or via bots.
We're actively working on the UI integration, which will be available soon.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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