eBTC | Get Paid to Borrow Bitcoin

eBTC has always been about maximizing Bitcoin yields in DeFi. Today, we want to share some important news with you ⤵️🧵

eBTC interface access ends tonight. Current eBTC holders can redeem for stETH through our platform today. Tomorrow onwards, redemptions require direct smart contract interaction via Etherscan or similar tools.

Final days before UI shutdown on June 30th. Current holders can redeem for stETH through our platform until then. After June 30th, redemptions will require direct smart contract interaction. Meanwhile, our team is available for any withdrawal or transition questions.

eBTC users can redeem for stETH through our platform until June 30th. We've ensured liquidity is available for as close to peg as possible redemptions. After the UI sunset, redemption remains possible by interacting with smart contracts or via explorers like Etherscan.

Less than 2 weeks until eBTC UI sunset. The UI will be deprecated after June 30th. Interactions remain possible through smart contracts or via explorers like Etherscan.

11/ If you have questions or feedback related to the transition, please join the #rff-transition channel below: discord.gg/xBBtzc8FME

10/ This decision connects to broader operational changes at @BadgerDAO. Please head here for more information related to it: forum.badger.finance/t/sunsetting-e…

eBTC has always been about maximizing Bitcoin yields in DeFi. Today, we want to share some important news with you ⤵️🧵

When your wife stops you from getting paid to borrow more Bitcoin

How it feels like to get paid for borrowing Bitcoin

@dotkrueger L E G E N D

MSTR is about 25-30% of the overall TradFi demand for BTC. Example: US ETFs bought 3,570 Bitcoin yesterday. Saylor bought 1,045. (23% of total) Overall: ETFs hold 1,311,579 And MSTR holds 582,000 (30% of total) 450 BTC is mined per day. Irrelevant.

@rajatsoni Words of wisdom

A median home now costs 3.8 BTC in the US In November 2023, the same house would have cost 12.3 BTC That's a 70% DROP in 18 months This number will trend to 0 forever