How to earn more BTC in a way that doesn’t suck:
Udi says literally nobody in crypto owns any BTC. And truth is almost nobody feels like they own enough. So let’s try to fix that.
Something new called Dual Stacking is now live, where you can earn BTC yield on BTC holdings. The web app is super clean and helpful; you just need @xverse or @LeatherBTC wallet to get started.
The base yield isn’t huge at 0.5%, but I mean, at this point you haven’t really done anything with your BTC yet so what more do you expect. Money for nothing? That yield is boosted 10x if you deploy your sBTC capital in DeFi protocols.
Of all the rube goldberg machines in Bitcoin DeFi, this is by far the best. PoX consensus incentivizes more on-chain txns on Bitcoin, generates BTC yield, and for @Stacks the dual stacking rewards are a powerful economic catalyst for network adoption.
To get the 10x DeFi boost, you might try depositing or borrowing against these funds on @ZestProtocol or putting them to work in dex pools on @Bitflow to earn even more BTC from organic trading volume. The app for Dual Stacking has a calculator that makes all of this very digestible to optimize your APY.
[ Self-promoting side note:
At Bitflow, we just launched early access to the best orderbook-style AMM in the Bitcoin ecosystem, the “HODLMM” ]
Always good to understand the source of the yield. In times of turbulence, many DeFi protocols have proven to be impressively resilient. And certainly better than the centralized companies from 2022 that offered unsustainable yields, stole from customers, made shady loans, went bankrupt, etc.
So be careful to choose what’s right for you. I lean towards what is more durable and decentralized. My team sleeps better at night knowing that admins on Bitflow smart contracts can't move user funds. That design choice can make migrations/upgrades a pain, but it’s worthwhile to keep everyone safer.
Earning BTC rewards on top of your DeFi yield in a sustainable manner might be less fun than chasing the next 100x bag, but the benefits are 100x more likely to compound.
To get ahead, you have to do something different than everyone else. The 60/40 portfolio is cooked. The penny pinching FIRE movement is cooked. This is how you win now. Mine more fiat, buy more BTC, let your BTC earn more BTC, for you and those who come after you. Long-term games with long-term people, protocols, and coins.
Good luck out there frens!
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