Hashi just announced $500M+ in capital commitments and mainnet rolling out in phases this month. Don't confuse commitments with actual deployed capital yet.
Here's the setup: Your $BTC stays native on Bitcoin L1. When you deposit, hBTC gets minted on $SUI. Exit = burn hBTC, unlock $BTC.
Risk questions you need answers to:
- Who controls the collateral custody?
- What's the redemption mechanism if things go sideways?
- What counterparty risk do integrated dApps carry?
Don't ape into BTCFi narratives without understanding the rails. Native $BTC on Bitcoin is the only true self-custody.
Here's the setup: Your $BTC stays native on Bitcoin L1. When you deposit, hBTC gets minted on $SUI. Exit = burn hBTC, unlock $BTC.
Risk questions you need answers to:
- Who controls the collateral custody?
- What's the redemption mechanism if things go sideways?
- What counterparty risk do integrated dApps carry?
Don't ape into BTCFi narratives without understanding the rails. Native $BTC on Bitcoin is the only true self-custody.