Dave Engel

[Native | Bitcoin Yield Hub🐝 「🦑」 @goNativeCC]

🚨 WBTC Custody Crisis: Unwrapping the Future of Bitcoin DeFi ! 🚨

📅 Wednesday, Aug 21st ⏰ 2PM UTC

Join us on an important Native Summer Spaces where Bitcoin's brightest unwrap the recent WBTC controversy and explore crucial paths forward for Bitcoin DeFi with:

➡️ @RobertZarembaIT from @NativeNetwork
➡️ @robbie_rollup from @therollupco
➡️ @dneorej from @PersistenceOne
➡️ @ArtimusLeton from @omnitynetwork
➡️ @AkiBalogh from @dlcbtc

🎙️ Deep dive into:
• BitGo's controversial move: Centralization creep?
• MakerDAO's WBTC rejection: DeFi domino effect?
• Coinbase's CbBTC: Game-changer or more centeralization?
• The race for true decentralized Non-Custodial BTC wrapping

Don't just watch history unfold—help write it! Set a reminder and join the discussion that's reshaping Bitcoin Defi ✍️

[d3h3d 「🦑」 @d3h3d_]

1/9 Product Market Fit of #Bitcoin derivatives 🧵

tl;dr
A product's existence ≠ PMF. A reputable custodian BTC derivative can get low PMF, but federated MPC derivatives have no PMF, which is why the dozens of "Bitcoin L2s" have fake TVL, no TAM, and will all spectacularly fail.