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Stacks DeFi Show #78
Recorded: Aug. 12, 2025 Duration: 0:48:30Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored significant growth in DeFi protocols, highlighted the upcoming launch of PurpDex V2, and discussed the increasing trend of Bitcoin treasury companies leveraging DeFi. With StackingDAO's deposits soaring and innovative yield strategies on the horizon, the community is poised for exciting developments in the crypto space.
Full Transcription
Thank you. Thank you. Thank you. Hey, everyone. Hey everyone, quick test, I just had a co-host issue, but when I become co-host I become
inaudible.
But let's see, maybe thumbs up if you guys hear me.
Woo, amazing. I still see some people who are coming up,
like the Advisor and others.
So let's get everyone in here, wait a few minutes,
and then we get started. Thank you. . Thank you. . Thank you. Tess, Tess, can you hear me?
Yes, I can. Oh nice nice. I'm sitting there worried that we got rug. What's up guys? How y'all doing today?
Doing great
Guess that's I mean while we wait for Ty could to jump back here
Maybe we can start with the around the future introduction. Maybe
Jackie want to go first and then I can go around everyone else. Yeah, cool. That sounds great.
You know, for those of you might not who might be new here. I'm Jack. I've been in the Stacks
ecosystem for a long time. Co-founder of the the root community and her medica affiliate
if you don't know what her medica is or what her medica does look no further than usdh
the first yield bearing bitcoin backed dollar um super bullish and yeah always a pleasure to be here. I always look forward to these Tuesday morning chats.
Me too. You wanna go next?
Yeah, we'll kick it to rain fire which say they're rain fire. Good morning, bro.
Hi guys. Hi, am I audible? Yes.
Hey guys, good to be here. It's Hi guys. Hi, am I audible? Yes.
Hey guys, good to be here. It's Mithil Thakur, it's co-founder and CEO of Velar.
We are a DeFi liquidity protocol on Bitcoin.
Specifically, we are a DEX and a PURP DEX built on stacks.
Very excited to be here and talk about future updates.
Nice.
I will go next. it nice welcome next I work with StackingDow and Zest by them as a marketing operations and at the
same time I create a Bitcoin focused content about these IL2s on my personal account and yeah that's
it I will keep it short Is there anyone else as a speaker
that wants to introduce himself?
I guess, no.
Maybe let's start with Jack and Mitter.
Do you have anything to share about,
maybe a medical or VR that you want to maybe
something new that you're working on that you can already share on the the hermetica side of things
the team's cooking i i'm not at liberty to say what all i'm at liberty to say is you want to be paying attention.
You know, Hermetic has been killing it, just absolutely killing it.
USDH, you know, crossed over six million on, you know, in terms of the size of the stable, which is massive.
You know, we had an amazing July with APYs as high as 22%. And for those of you who may not know, the yield on USCH comes from the perpetual futures markets, right? So this is a
market-driven real yield. And the more buying pressure and so forth they have for Bitcoin,
know the the more buying pressure and so forth they have for bitcoin um the better the yield is
and so it was a great month uh for usdh um absolutely amazing flywheel for for defy on
bitcoin and defy here on stacks um yeah that's that's pretty much you know there again just just
follow the hermetica account because um there's some really
cool stuff coming i really wish i could say but i can't so i'll have to leave it at that
you had some connection issues i think it's fixed now but
you check if you can hear me yeah you would care okay okay that was a bit of trial and error, but don't want to interrupt Foozie to keep going
when you left off.
That was simply our way to give our round of introductions.
Maybe Tycho can go next.
Yeah, sure thing.
Sure thing.
It's nice to not be the moderator for once.
But yeah, I'm Tycho, I'm a co-founder
of Zest Protocol, the
vending protocol on
stacks where you can borrow against
all your stacks assets and earn
yield on them and
very excited right now by the
6.5% APY
on SBTC that is on
Zest right now
and we'd love to talk more about that later APY on SBTC that is on Zest right now. And, you know,
we'd love to talk more about that later.
Not sure who to pass,
hand it off to.
Maybe me till you can go next.
No worries.
Jack already spoke
a bit about the Mint.
Maybe me till you can go next.
And then I can share a few updates
about the stacking down
sorry guys is mithil speaking because i cannot hear here yeah i don't i don't hear him either
guys is mithil speaking because i cannot hear here yeah i don't i don't hear him either but yeah
this is this text thumbs up yeah it's a difficult one yeah but uh well i guess we'll hear it sooner
rather than later when mithil is back we send a quick message on the telegram but um but yeah
no great great stuff and did you already talk about stacking down the new all-time highs?
Yeah, I wanted to talk about this. So we're going to stack it down. I think the biggest
news is that I think the native pool grew by like 60% in the last cycle. So we're now
what I think we jumped from like 8 million to 13 million which is a big
big amount of STX deposited in one cycle and also like also STX STX BTC
got another 1.4 million inflow before like where second house now at 92 million
STX deposited or STD tv also we're getting really
really close to the 100 million milestone of uh stx deposits on stacking down which i think it's
really really huge and again like us it's been months after months month after months that the
amount of sdx on stuck now keep increasing which shows how much trust maybe
you can be just put into stacking down and one last thing i wanted to share is that sdx is being
increasingly used to borrow on zest so the amount of borrowing against sdx has been growing again
this week which i think is a cool thing to share.
Oh, very exciting.
Very exciting stuff.
I mean, it's sort of all-time high after all-time high, right?
I think mainly on stacking DAO, driven by the inflows in StakeStacks, PTC,
and the native stacking product. So they're growing in state stacks being very very stable and uh and growing
as a collateral asset right now that there's all this usdc on zesp protocol to uh to borrow against
it so to spin the tweet here to the right but you know 3.7 million uh borrowed against stx
i think that was maybe 3.2 this time last week so that's like uh, uh, you know, that's, um, yeah, it's a good, a good, um, yeah, almost
15% growth week on week.
But, um, that number we'll see go up quite a bit in the, in the coming days.
And, um, and yeah, then of course, what's sort of, you know, an interesting opportunity,
right, is that, um, there was this very large whale user who had, I think, almost 400 SBTC on Zest.
And they withdrew, which, of course, you know, made TPL go down a little bit.
But then that also means that now the yield on SBTC on Zest is way up.
So it was maybe 4% or so before, but now that this one user has withdrawn, it
means that there's a lot more yield available for everyone else, right?
And that's why the yield on SPTC on Zest, you know, kind of skyrocketed, right?
From about 4% to 6.5.
So, yeah, that's definitely a very good opportunity.
If you have SBTC on, on, on stacks, of course, like the supply cap is still applies, so it's
hard to get fresh BTC in, but you know, that's, uh, that's definitely an exciting opportunity
in the, in the ecosystem right now.
So, um, so yeah, that's's some very some very good stuff so you can basically borrow
usdc on on zest today uh against sbtc um at a three percent net gain right so you get paid to
borrow so if you have sbtc on zest and you earn six percent and then you borrow usdc at three
right then you're basically making three percent or or actually much
more because you're probably making about four and a half percent because you can't borrow like one
to one right it's like about 70 ltv sorry a little bit of a cuff today um but um but yeah so you know
net you're earning about four percent for taking a a borrowed position of usdc against sbc on on zest today which is a
yeah very powerful powerful tool for um for for leverage right and then you can take the usdc
and put it in usdh for example which jack can tell you more about so
yeah jack how are the yields going on uh on hermetica what's the what's the weekly update
yeah you know it's currently at 11 today and you know almost 15 for the past 30 which is epic right and i to to your point like to have the tools available here where you can not have to spend your principal and you can borrow cheap and then stake for much higher yield.
I mean, this is powerful, powerful wealth growing mechanisms.
And it's one of the things that makes USDdh such a powerhouse in and of itself
um it's a whole new d5 flywheel uh built on bitcoin and um yeah like it's it's just a matter
of people realizing it's smarter to play the long game and just go ahead and and use tools like this to your advantage to grow that stack, grow that stack.
I mean, we're on the verge of mainstream adoption now. I think about it a lot.
I've got a big family. I've got a lot of kids, I'm going to go ahead and set this aside for
this child and let this just grow and just do very little maintenance on it and just
let it grow.
And this is how we have to start thinking because at the end of the day, when you talk
about DeFi, that's what it is.
It's a tool.
And we have the best tools in the game here.
Yeah, I mean, that's true.
I mean, if we do a quick calculation, right?
So let's say you put one SBTC on Zest a day, right?
So one SBTC on Zest, that would be 6%.
Let's say you then borrow USDC against that at 3%. But you can borrow, like, let's say you then borrow uh usdc against that at three percent um but you can
borrow like let's say you borrow like at 50 ldv right you keep it conservative so you only borrow
like half the amount of your collateral um so then that means that you're um you know you're
paying about about one and a half you know percent of that 6% or 6.5% yield on SBTC.
So that's net 5% that you're making there.
And then if you are going to stake that or swap that USDC for USDH
and stake that and earn 11 on half the amount of BTC,
so that's plus 5.5. on half the amount of BTC, right?
So that's plus five and a half.
So then you're at 10, 10.5, basically.
10.5 net APY for that position, which is, yeah,
that's a pretty strong one.
It gets even more amplified, of course,
if you borrow against staked stacks or staked stacks BTC.
If you borrow there at 50 ltv you're obviously
getting not 6.5 like you get on sbtc but more like nine so the same strategy will be like you
know 1.5 percent higher yielding so that would be more like 12 um yeah 12 is about one percent a
month so but um yeah that that's like a pretty interesting monthly uh monthly income stream
there potentially right of course rates are always you know variable and it's very important to keep
these kind of more advanced positions in check of course none of this is financial advice it's more
like an illustration of how how the ecosystem is growing right and how people are taking out
additional positions but um i saw in the chat that Mithil is here.
So if you want to say something, feel free to go for it.
Hey, man, I'm sorry I missed.
Yes, can you hear me now?
I can hear you.
Yeah, yes, sir.
I'm sorry I missed most of the conversation.
I couldn't hear Jack and you speaking.
So I literally have no context of what were you guys talking about.
But I'm here to, like, if you want to fill me in quickly, I can discuss on it.
But I have a few points to just...
Yeah, go for it.
We're just doing some updates on Zest, some updates on stacking now, stuff like this.
But tell us about Vela, what's new?
Yeah, I mean, I think I said a few weeks ago,
we are working on our PurpDex V2,
which is going to have some exciting updates
for all traders and LP providers both.
I think we are aiming for Q4 of this year for it.
So not very far.
So maybe in two months we'll have the first version of PubDeX V2 ready to get it audited.
Then hopefully a few weeks of audits and end of the year we'll have that out.
So we still don't have...
I won't be able to disclose all the features, so won't be able to get into detail in it.
But yeah, that's that's
what uh that's the update from my side but apart from it like uh wanted to discuss with you guys
like what's uh i saw some uh you know like community is uh obviously pretty much excited
after sip 31 but also uh last few days you know, Mars lot picked up, especially Ethereum and few
other ecosystems.
But what are we seeing happening in Stacks ecosystem?
Are we seeing new builders come in?
Wanted some, you know, insights from you if you have some insights on it, Tycho.
Yeah, for sure.
I think we're still a bit in the phase where we need to see the existing primitives take off, right? Especially things that we've built. I mean, this is, you know, we, I mean, like everyone who's speaking here, right? I mean, the ecosystem still, you know, it has a serious amount of TVL, right? 100 million. That's not a small amount of money. But in terms of, you know, seeing some real growth there, I think we need some kind of core updates from Stacks.
I mean, one is we actually need the ASPTC cap to be removed, to have the inflows and outflows
working as expected. And then two, we also need to have the funds from SIP31 properly deployed,
and being active in strategies and farming and so on and so forth and uh and that's not really happened yet i also don't know like the exact latest status of of it
i mean the sip has passed i think there's a an appointment of the treasury committee right by
the appointments committee which which i'm part of which happens tomorrow um but um but yeah i tomorrow. But yeah, I haven't been involved with the Stacks core team on what their exact
plans are on that. So I think we'll need to see on the communications from the Stacks
account on what's next and when that's happening.
Right. Yeah, I totally get it. I'm still very bullish like i'm very much excited about uh about
and here it's just i think there is uh community is losing patience a bit so maybe
i think we all should like uh uh get to the community to
make it
you know to
make them
more
excited about
what's coming
I mean I
know some of
the internal
stuff that's
coming right
but maybe
we can have
a weekly
discussion on
you know as
builders to
maybe share
some regular
updates to the
community I
think that will
work really well.
Yeah, and it would have been nice to have someone
like Andre here or someone like that, right,
who can tell us an update.
But yeah, we also haven't heard the exact timeline yet.
So I think that's still being worked on.
But yeah, I definitely agree the same.
You're a member of the community like everyone else.
So yeah, very much in the same boat.
Yeah.
Good stuff.
Good stuff.
I mean, we could make it a quick one this time, just with the kind of core updates that we have on the APYs and the new TVL milestones and so on.
But yeah, is there anything else that you guys wanted to share, Jack and Mathil?
You know, I think that... No, but like...
Yeah, please go on, Jack.
Oh, thanks, Mathilde.
I was just going to say,
you know, DeFi is definitely picking up
in crypto in general.
There's several narratives
that are worth looking at right now,
you know, throughout the entire space.
DeFi is one of them.
And I think that from the community side,
one of the most powerful things we can do right now
is outreach, right?
We have a very strong community internally.
And what we have to do is systematically point outwards
and start looking for more integrations, more people to bring in,
whether they're smaller teams, whether they're cool products. I think we're uniquely positioned
for that right now, especially with SIP31 going through the process. Obviously, there's going to be a delay between passing SIP31 and then all of the, you know, literal like hurdles that have to, you know,
be crossed before it's implemented. So you're going to see that delay anyway. But still in all,
we do find ourselves in a situation where we can do a lot of good community outreach.
We could be looking for talent.
We could be looking for prospects.
We could be looking for the next big metas that are really going to take off into space.
And we can integrate them here in stacks and show people from outside the ecosystem the amazing things that we do have here, like our decentralized exchanges, like Zest and Granite
and StackingDAO and so forth, and show people ways where they can get that Bitcoin exposure
that everyone really wants.
But so many people are like, oh man, it seems unobtainable.
It seems like I'll never make'll never make enough you know to to have any
meaningful bitcoin um stacks stacks helps fix this and um so yeah i i i remain very bullish on that
i think that uh you know we have a very strong foundation um and i think you, a multi-pronged approach in this post-SIP 31 era as it starts going forward is our way to really, you know, expand this ecosystem.
And you're going to see that happen.
It's, you know, it's very bullish in general right now.
bullish in general right now um people are very excited about crypto and you're starting to see a
bifurcation where you know you're gonna have like you know the very institutional things
that are happening like with circle announcing it's launching its own l1 um and you're going to
have you know a lot of more a lot more innovation and a lot you know of dgen activities and you know, a lot of more, a lot more innovation and a lot, you know, of DGN activities
and, you know, a lot more people becoming crypto native.
And this is a great place for people like that to land.
We've already proven that we have the ability to, to foster talent and growth in this ecosystem
among the community.
And as a result, we have one of the most talented communities out there. If you notice the refrain and crypto Twitter land, you see a lot of, hey, you know, it's really, I really want to work in crypto and I don't have any crypto experience. And there's these debates about how do you get started here? This, that, and the other. Well, again, that's just another part of that multi-prong, you know, attack that we can utilize here to grow this ecosystem and awareness
And as a result, we have one of the most talented communities out there.
around it.
Yeah.
So again, I mean, I'm obviously, you know, almost a permable at this point, but the writing's
on the wall and we're in a good position.
We just, you know, we all have our own part to play and we just have to play it well.
And, you know, the sky's the limit at this point.
Yeah, that's exactly right.
I have to drop a little bit early from this one, but maybe Noam, you want to the advisor you want to take, take things over from here.
Yeah.
I was like, is there something maybe I wanted, maybe I see Martin, maybe I just said I can
keep it a bit shorter.
I can, I see some people that want to ask questions and then maybe we can finish it a bit before.
But yeah, I will take it over from here.
Sounds good.
Sounds good.
But no, it's good to hear everyone's updates and I guess we're in good hands with the advisor for the continuation of the space. But yeah, apologies for the technical stuff in the beginning, but we'll speak soon.
Bye, Tycho. Let me ask Martin as a speaker.
Hey Martin, feel free to ask your questions or like if you want to intervene, add something
to the discussion.
Good morning guys, can you hear me?
Yes, we can.
Great, thanks.
For those that don't know me, my name is Martin Taylor. I'm the founder and CEO of Not A Strategy, aka Nasty. We are a Bitcoin treasury company meme coin on Stax. And we've made a few announcements the last week. I just want to quickly bring you up to date with all that.
the last week.
I just want to quickly bring you up to date with all that.
Even though we're a meme coin, not only are we listed on Stacks,
we're also listed on Solana, and we've been able to raise
some funds there.
So we actually operate a real Bitcoin treasury,
and we've been able to raise that in the last week to 1.9 Bitcoin,
Bitcoin, which is great. And we've also updated our website so you can see all the details
which is great.
of our Bitcoin treasury there. And basically what we're trying to do is mimic what the
Bitcoin treasury companies are doing in a sort of entertaining and educational way
because we think that these Bitcoin treasury companies
will trickle down, especially the smaller ones,
and hopefully use protocols like Saks and Zest and DeFi
to get the most out of the Bitcoin which they are accumulating.
And, I mean, it's really bullish.
I've been delving deep into Bitcoin treasury companies the last couple of weeks
and it's astounding the amount of Bitcoin treasury companies
that are coming online and it's really only just starting.
And it's a global thing where, you know, we've got Capital B in France,
we've got Metaplanet in Japan, we've got the SmarterWeb company in England.
We've got Nakamoto, which is just starting in the US.
They haven't even come on board yet.
They're waiting for a merger approval and they want to be number two.
So they're talking about buying Bitcoin in billions.
The CEO made a post the other day saying he's looking forward to buying a million
a billion dollars sorry of bitcoin uh tomorrow so so they i mean they're raising billions of dollars
and it's just a sort of a bitcoin phenomenon that's just starting um so um that's that's
that's really bullish um they they tend to be um aligned to traditional finance.
And so it's going to be difficult getting them to get involved
in layer twos like stacks.
But I think the smaller ones might have more pressure
to put their Bitcoin to work.
And so that's something I think we should focus on.
And I'll be going to
bitcoin hong kong um at the end of this month and um there's a side conference there for bitcoin
companies and i've managed to get a wild pass for that so i'll be in there pushing uh
the idea of getting these Bitcoin companies on chain.
So I'll get some feedback there and see where their heads at,
whether they want to use DeFi
and whether there's regulatory areas there
or just knowledge and whatnot.
So that's gonna be interesting to see that.
But yeah, I guess guess and also there's
a um there's a digital x made an announcement uh they're an australian company i'm from sydney and
they've got a um target of getting to 2100 um bitcoin in a couple of years so there's just
this just announcements coming from everywhere all over the world.
announcements coming from everywhere all over the world so i think you know that's really bullish
So I think that's really bullish for Bitcoin in specific,
and I think it'll trickle down to stacks as well.
And the biggest announcement last week was from our own nasty,
which is we are gunning to get to 2.1 Bitcoin in 21 days.
We've got that down as a target,
and I'm pretty confident we'll'll achieve that so that's just an
update of where we're at thanks guys well thanks for for joining again but is there something
interesting because like lately we have seen like if treasury is really helping to to push
if price up but one thing they can offer is uh yield for staking and maybe it's not gonna
happen like the next few months but it will be interesting to see no like this stretch bitcoin
treasuries trying to put btc to work uh our cross l2s to earn some yield and make it even a bit more competitive with uh with the ethereum options uh because yeah at this point
you have like this is still like the king but you can also at the same time earn decent yield
on it and uh yep also have tinderly here let me bring him as a speaker, maybe he wants to ask a question.
Let's see if he's still confirmed to connect.
Come on. I feel so like JP.
Okay, Tinderly, feel free to ask your question.
Yeah, I guess.
I guess it's not that soon.
Look, I think we can keep it short this time.
Not sure if someone else wants to add something, Jack or Martin.
But maybe you can finish a bit before and we can start with the outros.
Maybe Jack, you want to add something?
Yeah, let me know or we can go with the first outro with you.
I don't know.
I'm just putting this thought out there in the ether.
there in the ether um you know what what's ethereum going to look like when circle pulls
you know a lot of usdc you know to their l1 off of ethereum you know i think that uh that's going
to be pretty interesting to watch i don't know i just i saw i've been thinking about it since
this morning i mean they have such a a huge amount of stables, USDC being a big part of it.
Yeah, I just wanted to think about that.
I haven't quite, you know, come to a conclusion of what that might look like,
but it might be interesting to think about and talk about later.
Yeah, that's a good point.
I know we're digressing a bit from stocks and Bitcoin,
but I feel like everybody expected maybe them to build an L2 on Ethereum
or like even maybe on something else. Yet you see this trend back of building your own chain.
And I do think this is where interoperability becomes really, really important. And this can
become a big issue, like if it doesn't get fixed
because then you need like different wallets or like uh bridging and stuff like that so if you're
not able to abstract this away it's going to become quite complex to offer a good experience
and this is why i also feel like for bitcoin l2s as in general it's really important to offer a
big connective experience this is where i like the idea of stocks, you know, like maybe
in the future being able to pay with SBTC for gas
or like having like, once the SBTC
cap opens up, maybe you can have deposit in
native BTC in a vault, but in background it becomes SBTC and then you can
earn yield on it so like i do think
like talking about interoperability interoperability the first step for bitcoin l2s which stocks is on
route to do it is try to offer a really as native user experience for uh for bitcoiners
and interoperability in general you will need solutions to step up to make it feel, let's
say, smoother from a wallet user experience when using multiple chains.
But this is my thoughts about it.
Yeah, I think that, and it's something that I think we could really capitalize on here
in Stacks when it comes to, you know, the usability part of crypto and the user experience itself.
And I agree, being able to pay fees in Bitcoin on Stacks is pretty awesome.
But I think when you just look at the actual user interface itself,
we're watching that change in real time.
I think that we're basically going to be prompting our way into managing our portfolios, you know, as a standard in under a year.
Right now, you know, you can already do that to some extent.
You know, you have a lot of products that are really working to that end, and some of them work quite well already.
products that are really working to that end and some of them work quite well already uh and i think
that that's going to be massive you know for for for you know not just stacks but crypto in general
because we're about to make it you know super easy for people to to use this stuff um i mean at this
point you know i think it's safe to say most people, maybe not boomers, but just about every other generation behind boomers use LLMs quite a bit.
And they're quite comfortable with that format way more than have used crypto wallets.
And yeah, I think that we're going to see that change real fast. And again, that's just another area that we can focus on here to help expand our reach.
Because what you do is you demystify DeFi, right?
the Satoshi AI terminal, the way that it can completely just demystify what's this DeFi
stuff.
You just tell it what you want to do or what can you do, and it can make it happen.
We're going to see more and more iterations on that concept and uh again like our our experience as crypto natives
up to this point are are going to be you know 180 degrees different than the people who are
who are coming on you know within this next year or so um and yeah that's again that's that's why it's important for us to look and find talent and really bolster up all of the other things we have going on in this ecosystem.
Because we're really at a moment where it's a sea change in this industry.
If you've got your finger on a pulse, you can, you can see it coming.
And, uh, we, we just have to be ready for it like everyone else.
And it's, it's going to, this is going to be the part where the doors get blown
open, you know, as, as much as like a BNS is a great tool to, you know, transact,
um, because you don't have to deal with like these crazy long addresses um
this is like you know even more powerful than that when you can just you know tell your phone
hey you know i want to take some bitcoin and earn some yield on it show me what to do or
let's make it happen it's yeah things are about to change, guys.
Yeah, I do agree.
I do agree.
We're getting to a tipping point.
And one thing that I was thinking about also in the last week,
and I put some tweets also about it,
is I do believe we're getting close
to a BTC Vault meta,
where basically I feel like the easiest way to onboard, I mean, to attract BTC liquidity is to make it super simple. So maybe one-click
deposit and offer maybe a cool deal on it. And I do feel like we're gonna see more and more let's say so first of all i was in this with
lombard uh as a let's say as protocol that i started doing it but i see like i predict the
stacks will have multiple btc vaults and strategies that can help make uh earn quite good deals on btc
so maybe my prediction for btc find the future is that this btc vault btc five volt meta
will be something to watch in the next six month to one year
and i see someone else
okay and jack do you have any other thing do you think we should talk about or maybe you can close it here
No, just follow follow all the accounts on stage follow her medica
You know pay attention because you know
In my personal opinion and obviously this isn't financial advice
It looks like alt season has already started.
So it's about to get crazy.
So orient yourself, get ready, and, yeah, let's go have some fun.
Yeah, I just will add, you know, guys, buy the dips.
And it may be an alt rally, but, you know, guys, buy the dips. And it may be an alt rally,
but, you know, everyone is underexposed to Bitcoin.
You don't have enough.
So please buy Bitcoin, stack those sacks, stay humble.
At Not A Strategy, at Nasty,
we're trying to squeeze the most we can out of our Bitcoin
using DeFi on stacks. It's fantastic at theasty. We're trying to squeeze the most we can out of our Bitcoin using DeFi on Stacks.
It's fantastic at the moment. We're getting 6% for it on our Bitcoin collateral. We're
able to borrow USDC at 3.2% and just buy more Bitcoin. So we're doing the loop as much
as we can, but we're still responsible with our leverage our liquidation price is 88 000
bitcoin and we keep an eye on that but look i'm old enough i saw i saw rare pink diamonds go from
100 000 to 600 000 so don't please don't get scared of the price bitcoin is it bitcoin's the king and
of the price um bitcoin is it uh bitcoin's the king and um i know you know all of us including
myself don't own a bitcoin so make it a priority please um stack those sets cheers guys
well said and on my side make sure to keep follow stacking down zest
Make sure to keep follow Stacking Down and Zest
because we keep cooking.
There is always new, for example, community initiatives on Discord.
And it's the best way to stay up to date with what's happening on Stacks.
Something that I'm not sure we've said at the beginning,
so maybe we can say it now.
Like everything we said here is not financial advice,
just for information purpose only.
And thanks for everybody that joined and i guess
see you next week with hopefully more news to share and new updates from stocks protocols bye everyone Thank you. Thank you. you
