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✅ It seems the Sui ecosystem is also attempting Bitcoin DeFi. : Hashi Honestly... really honestly. I don't think I've seen many cases of massive success in BTC DeFi attempts so far. However, the reason projects aware of this continue to attempt it is, because Bitcoin's market cap is enormous, if they can bring even a tiny fraction of that market cap into DeFi, I think it is because it is so obvious that it will be profitable. The interesting thing about this Sui BTC DeFi is that usually, to run BTC in DeFi, you have to exchange it for ecosystem DeFi, but with Hashi, they say you can use your existing BTC as is. x.com/SuiNetwork/status/203461... However, trust is the most critical issue in Bitcoin DeFi, and crypto projects like BitGo, FalconX, and Ledger, as well as Erebor Bank, which is licensed in the US, have all reportedly joined as partners. 💡 Well, they say it’s not yet at the stage where you can put BTC in right away. It seems like we are currently in a stage similar to Tenet. www.sui.io/hashi Later, when the Bitcoin bull market comes, if DeFi runs properly, since Sui has already deployed a lot, this could create a huge synergy effect.

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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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