This product is extremely important for Stacks and sBTC.
As hBTC is deployed, generates yield, and ultimately captures returns back in BTC, every transaction in this process activates transactions on the Stacks chain.
The idea that we can open the era of Bitcoin yield with just a simple step
>> issuing sBTC and depositing it into Hermetica
is truly remarkable.
However, what I’m most curious about right now is how security measures and exploit responses will be handled for sBTC deposited into DeFi protocols.
Bitcoin is not digital gold. It’s another asset class that works for me.
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