‘HODL’ and X your Bitcoin
The next generation, non-custodial ‘BitFi’ protocol, allowing Bitcoin holders to mint BTC-backed dollars (at 0% interest) and ‘stack those sats’.
The top two $stable-coins alone on Ethereum have a collective market cap of ~$110b.
This will give you a slight gauge of the size of opportunity lying in stable-coins on Bitcoin.
|Total-Value-Locked (TVL) in Decentralised-Finance (DeFi):|
|Bitcoin:||~$137m (~0.5% of Ethereum)|
|Market Caps (MC):|
|Bitcoin:||~$442b (~250% of Ethereum)|
|TVL [in DeFi] as % of MC:|
Ethereum’s TVL in DeFi, as percentage of market cap, is ~480x that of Bitcoin’s. However, compared to dollars locked in traditional finance, even Ethereum’s TVL is but a drop in the ocean.
Mint your BITX
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