Today Starknet takes a major step on its road to Bitcoin.
We're laying the foundations for a new financial system powered by Bitcoin & Ethereum
To understand why this matters, let's take a walk down memory lane 🧶👇
Maybe you remember 2019? The rise of Celsius, Blockfi and family.
Centralized, opaque “crypto banks” promising yield on BTC.
And they were wildly popular.
Have you ever wondered why?
Because for years, BTC just sat idle in cold storage. Earning nothing.
CEFI was the only way to make BTC productive.
There were no alternatives; and so people traded self-custody for utility.
We unfortunately all know how that ended
Ironically, the solution to these problems was taking off right at the same time on Ethereum: Decentralized finance.
✅Self custody
✅Transparent rules
✅Markets you could watch in real time
✅Yield backed by code, not by promises
✅ Equal access to all
But Bitcoin is not Ethereum; you couldn't run DeFi apps on Bitcoin.
And so people were stuck with custodial middlemen, that eventually went up in flames.
2022 hurt hard. We all thought we were smarter than that.
Yet the need for Bitcoin utility didn't go away. Today people still want to borrow against their BTC, earn on it, and exchange it safely. Bitcoin needs scalable, transparent Defi rails. Defi won’t make Bitcoin less sound; it'll make using Bitcoin safer.
DeFi isn’t about chasing yield; it’s about rules over promises.
Smart contracts replacing human shenanigans.
Open books, visible risks, equal access to all
The crypto space also needs a trustless space for BTC and ETH, the two biggest assets in the industry, to be exchanged at scale.
How can we be satisfied that CEXes are the only place to swap these easily?
Have we learnt nothing?
Starknet is tackling that. It's a long road, but we'll get there.
We scaled Ethereum
We'll scale Bitcoin
And we'll create a trustless space for sovereign individuals to get utility on their assets, safely
BTCFi is not a buzzword, it’s the unlock that was missing in 2019.
It’s the bridge between Bitcoin’s soundness and DeFi’s openness.
So come explore what’s possible.
Then pick up a shovel, put on your builder hat, and join the party 😘
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