DeFi

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 🧵