/biz/ - Business & Finance

Bought in at $3 and on the dips the last few days, so what their twitter got mass reported, should be back up soon, badger announcement and V2 are gonna be huge. $20 eow

What is Strudel anon?

Current Bitcoin holders have no way to let the capital in their wallets work for them — to hodl is the only way. By equipping BTC with the ERC20 interface and smart-contract interoperability it becomes more versatile - it becomes vBTC. The future for Bitcoin on the DeFi space is bright, as its supply can be locked into protocols for lending, options, and other DeFi use-cases, reducing its volatility and potentially increasing market value.

Strudel stands as the token that governs vBTC, the reward token, and is the protocol that wraps vBTC creating the trustless bridge that moves #DeFi to a more secure BTC and Ethereum link.


trusted = multisig, meaning a handful of people own the digital signatures that makes your, for example, wbtc (since it uses multisig), wbtc. this opens a possibility for the creators of the project to rug on you, since you yourself don't actually own the digital signatures to your btc
trustless = the owners of the project themselves dont own the digital signatures to your synthetic btc, meaning they can't really steal it from you.

For comparison
REN: 900M mcap
At even 1/10th of this Strudel would be worth well over $120.

>>28808670
Buddy who got in early just sent me this LFG