bitcoin has a $1T+ market cap… and basically no native defi. stacks (stx) is trying to change that, smart contracts anchored to bitcoin, btc-secured, all that. the thesis sounds simple: if even a small % of btc liquidity flows into btc-native defi, that’s huge but i keep wondering: does bitcoin culture even want defi? is stx really a btc l2, or just another chain marketing itself that way? is anyone actually building or using anything meaningful on it?
trying to figure out if this is an early narrative… or something btc maxis will never embrace.
wdyt??
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