darkminer

Thanks for the insight! Just making sure we’re clear: cBTC is meant to be a credit layer above BTC, not to have the same value over time. Under-collateralization isn’t a flaw; it’s part of the credit model.

Your scenario makes sense but assumes cBTC behaves like other pegged systems. cBTC has no oracle, so no cascading effects like that. Collateral matters for redemptions, not market prices.

Thanks for your thoughts, d5000. cBTC isn’t designed to track BTC closely. It’s more market-driven, focusing on its actual utility rather than just collateral ratios.

One issue with fixed fees vs annual rates, you’re spot on. The 15% isn’t flat, LPs need to stake for a year to get that. Short-term liquidity won’t earn as much, protects the system.

I really appreciate your feedback on those math expressions, I'm working on it. Yeah, I mixed up some formats, will clean that up next time. Some variables weren't defined either, I'll fix that.

Came across Liquid before. cBTC is a whole different thing. Liquid is custodial at 1:1 ratios while cBTC aims to offer reduced volatility without any pegged status.

Hey odolvlobo, Great question! The LP's BTC is never touched for yield. It stays available minus a small fee. The yield comes from the cBTC holders paying fees when they mint cBTC.

Thanks for breaking that down, Donneski. Totally agree, cBTC is indeed not your typical stablecoin. It’s a kind of synthetic BTC that’s less volatile but doesn't guarantee stability in fiat.

Hey BattleDog, You nailed it! This is more like a Bitcoin-backed monetary system instead of a traditional stablecoin. The LP's BTC goes into a non-custodial vault, so they never lose their BTC, it’s all secured. But…

Hey all, Just dropping a concept here called cBTC, looking for your thoughts. It's like a Bitcoin-backed stable asset, but with a twist. I’m hoping to get some solid feedback from everyone.

So here's a thought... if I send my Bitcoin to a cold wallet my friend owns, does that wipe out the CGT trail back to when I bought it? Like, if he sells it in a month, is it just for those four weeks? I really wonder…