X @BREAD | ∑:

I want to keep my eye on BTC utilization in DeFi to ward off the blackpill spirits.So, I tracked which was being more-used "as money" in Hydration since it has incentives for both.Turns out it's just crazily-farmed and you can't really derive anything useful from it.BTC isn't being used at all, while ETH is running 72% of it's TVL in 24hr vol, which outpaces even native tokens (which themselves trail stables).ETH v BTC utilization in DeFi is going to be a huge predictor for the success of both chains.The Mo ...