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I think this is sort of right - I do think the fact that they're ERC-20s makes them the "trojan horse" for the broader ecosystem. Suddenly DeFi is interoperabl
by krrishd 1y ago
I think this is sort of right - I do think the fact that they're ERC-20s makes them the "trojan horse" for the broader ecosystem.
Suddenly DeFi is interoperable with "more real" money, suddenly BTC is usable as permissionless collateral for USD-denominated loans (see Morpho), etc.
- jxntb73 1y agoIndeed, a strange forward-thinking reversion back to a hard money standard to have BTC backed anything. Whatever $€£¥₹₽^x to BTC bridge exists, I'm all for it.