High Tower
@htwtech
1/6 been seeing a lot of questions about earning with btc without selling seems like everyone wants to put their btc to work now btc lsts let you get yield while keeping liquidity. but what about security? @babylonlabs_io, @SolvProtocol, @nubit_org dropped standards for btc lsts 2/6 what are these? tokens issued against staked bitcoin. you earn yield, use defi, keep access to liquidity. problem: without rules, how do you know if the lst issuer isn't going to rug you? 3/6
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High Tower
@htwtech
what these standards actually cover: code: open source + audits to prove your btc exists withdrawals: clear processes so you don't get stuck when you need out keys: issuers must disclose who controls the keys (mpc/hsm) 4/6 reserves: btc should match 1:1 with tokens, verifiable onchain usage: your btc lst works in defi for farming, lending, trading
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High Tower
@htwtech
why anyone should care: - you earn yield while btc does its thing - easier to know who's not cutting corners - btc can actually work with defi and l2s 5/6 when picking a btc lst, check: - do they have public security reports? - can you verify their btc reserves? - who are they working with? (@NubitFi, @SolvProtocol, @redstone_defi) projects following these standards should be less risky... in theory 6/6 btc lsts are bitcoin's next step into defi
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