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>Everything they claim to do can be done with Bitcoin by itself. Can you hold stable coins on BTC? How about lending them for yield? Depositing into pools/vaul
by PKop 5y ago
>Everything they claim to do can be done with Bitcoin by itself.
Can you hold stable coins on BTC? How about lending them for yield? Depositing into pools/vaults that aggregate yield, harvest farmed coins, and other strategies?
How about taking the LP tokens from above, and borrowing against them to increase capital efficiency, even in some cases achieving self-paying loans from the yield derived from the LP tokens [0]?
[0] https://abracadabra.money/ https://abracadabra.money/
To say BTC can "do all of this" is absurd. Where is it? Who cares if the "can do" is theoretical at best. In practice, the amount of things you can do with ETH and similar dwarf what is available with BTC. BTC is a great finite store of value. But why pretend it does things it doesn't actually do? Why over-state it's capabilities in comparison to other cryptocurrencies?