Bitcoin Restaking a.k.a. BTCfi for dummies

DeFi is never short of cool new stuff. The latest fad is Bitcoin Restaking– an innovative way of taking your hard-earned (or hardly earned?) coins and squeezing a bit more profit from them.

Here's how it works in TLDR;

✦ Use your wBTC and mint a Liquid Staked BTC token. 
✦ Build your strategies on this Liquid Staked BTC while staking your wBTC, maximizing your BTC's value.
✦ Seamlessly engage with the DeFi ecosystem while maintaining your exposure to BTC.

Here's how it works in depth 🧵

Sweet BTCfi strategy,
Boost your mothercoin profits with @pwndao and leveraging ether.fi’s eBTC 💵

TLDR;

✧ 6% (ish) fixed yield on your BTC with Pendle PTs
✧ Leverage or fund deals with fixed term and duration loans on PWN
✧ Stay liquid while your BTC works for you

Let's dive into it 👇🧵

The universal lending protocol for the tokenized economy. Use ANY token as collateral (NFTs included) and invest in fixed-interest loan. http://linktr.ee/pwndao

PWN Intern

@pwnintern