cryptosat

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Sep 22, 2022
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Recent posts
  • That's what I was thinking too. Centralized platforms to borrow against BTC never looked good; you’re still trusting a third party. The testnet I tried focused on using native BTC as collateral instead of wrapping it,…

  • Same here, I just can’t get into wrapped BTC. It feels like an added layer of risk. That’s why I tried the testnet not for DeFi, but to see if using native BTC as collateral could work without extra compromises.

  • Right, I was looking at Babylon too. The testnet caught my eye not because I wanted to borrow, but to see if they could manage native collateral without wrapping or handing my coins to someone else. If they can pull…

  • Exactly, I’m trying to see if this is actually feasible. On paper, it sounds better than wrapped BTC or custodial lending, but security is key. I’m less interested in borrowing and more in using native BTC as collateral…

  • Been holding BTC for a while, and I steer clear of wrapped versions and all that cross-chain stuff. Too much trust needed for my taste. Just found a public testnet that lets you borrow against native BTC, so I gave it a…

  • I too would like a copy of the original source code. If you can email it to me that would be awesome! I'll PM you my email address.