Bitcoin DeFi on Stacks is moving past basic wrapped BTC into native yield-bearing stablecoins like Hermetica's USDh. When Zest Protocol lists USDh as lending collateral, how should it be priced? ethereum:0x84ca8bc7997272c7cfb4d0cd3d55cd942b3c9419 deployed a Reserve-Backing Ratio (RBR) feed via DIA Value on the Stacks public good oracle: • Reads Hermetica's live BTC holdings and stablecoin reserve balances • Compares total reserve value against circulating USDh supply • Outputs $1.00 when Reserves >= Supply • Outputs [$1.00 × (Reserves / Supply)] if backing ever dips below par Just like TradFi prices money market funds from NAV rather than secondary trades, Bitcoin DeFi now prices stablecoins from verifiable backing. @DIAdata_org
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