tBTC analysis is spot on.
$346M supply and 48% deployed as collateral is not small, $144M only in AAVE shows people finally using BTC for real yield, not just HODL.
This is what BTCFi actually means. If BTC holds the $80k-$82k zone, this liquidity in tBTC will keep growing. But if we close below $80k, we can see fast unwind to $78k.
I personally think tBTC is becoming the standard for BTC in DeFi. Do you still keep your BTC off-chain or have you tried tBTC on AAVE/Curve?
#BTCFi #tBTC $BTC #DeFi
$346M supply and 48% deployed as collateral is not small, $144M only in AAVE shows people finally using BTC for real yield, not just HODL.
This is what BTCFi actually means. If BTC holds the $80k-$82k zone, this liquidity in tBTC will keep growing. But if we close below $80k, we can see fast unwind to $78k.
I personally think tBTC is becoming the standard for BTC in DeFi. Do you still keep your BTC off-chain or have you tried tBTC on AAVE/Curve?
#BTCFi #tBTC $BTC #DeFi