Bitcoin is being forced into the defi meat grinder. Everyone is rushing to these new protocols, hoping for that sweet passive interest, forgetting that counterparty risk just got replaced by auditor incompetence. Stacks, zest, lombard, whatever the flavor of the week is, it is still just code written by guys in hoodies. The waiter is staring at me. If these protocols fail, we are looking at a liquidity trap that makes the mt gox days look like a training exercise. Keep your eyes on the slashing mechanisms, because that is where your capital actually goes to die. @efficient_defi_yield
September 1, 2026 622
