@YahooFinance - Bitcoin is at $86,000 today, up from $76,000 a week ago. Eight-month high. The market is calling the end of winter. Fine. But the question that matters if you hold size is different: is it time for #BTCfi? Two players, two philosophies. CoreDao: your bitcoin never leaves your wallet. You time-lock it; it helps secure their proof-of-stake chain, and you get paid. Stake CORE next to it, and the rate goes up. For institutions, there's lstBTC: BitGo, Copper, or Hex Trust hold the coin; others run the strategy; yield comes back in BTC or CORE. Trade-off: the yield is mostly CORE block rewards, so you're carrying token exposure, hedged or not. Hemi: your bitcoin moves. Into an EVM that runs a full Bitcoin node inside it, so contracts read Bitcoin state directly, no wrapping, no oracle. Yield comes from what the coin does there: liquidity, lending, tunnels. Trade-off: the coin is inside the strategy, so you carry counterparty and smart contract risk for the duration. We've done both, at real scale. Core: BTCS S.A. runs a validator ranked #11 globally on Core and dual-stakes its own BTC and CORE. The Bitcoin remains time-locked in our custody. Profits so far exceed a million and a half euros, paid in CORE. That's not treasury yield; that's an operating business built on top of the treasury. It paid the bills. Hemi: 50 BTC into curated strategies for 6 months. Got 51.84 BTC back, paid in bitcoin, nothing sold. That grew the stack. Common denominator: put your BTC to work. A treasury that only holds is an ETF with overhead and a discount. A treasury that earns is a business. My rules: know what you're paid in. Bitcoin grows the stack, tokens pay the bills, and each needs its own risk limit. Position-sized so a total loss hurts but doesn't kill. And I want to know exactly who pays the yield: emissions or usage. So, time for BTCfi? For a slice of the treasury, with those rules, yes. Holding is an ETF. Earning is a business. @BTCS_SA @hemi_xyz @Coredao_Org
Wojciech KaszyckiShare
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