Here's an interesting validation of our BTC productivity thesis. Our investor @LaserDigital_ is launching a tokenized Bitcoin Yield Fund targeting diversified long exposure. There are 2 macro forces converging here: 1) Institutions viewing BTC as a portfolio diversifier amid uncertainty 2) Growing demand for yield beyond just hodling We are originally positioned to fill this gap, to bring institutional-grade BTC yields onchain. Our edge comes down to infrastructure, transparency, security. Its not sexy, but critical for institutions crossing into DeFi. This is why I’m increasingly confident that the “BTC-denominated yield stack” is going to consolidate around platforms that can do risk-adjusted yield at scale and secure, not just ship strategies. We'll become the default infra for productive Bitcoin. Solv will eat all BTC-denominated yields and will continue to expand the largest onchain BTC treasury.