The BTCFi ecosystem is facing a false locking crisis! A trust crisis is fully erupting!
Nubit founder Yu Feng warns: The 'pseudo-locking' of the BTCFi protocol is triggering a trust earthquake! The operation of fabricating locks through offline pre-signed transactions has caused the TVL to 'inflate' into an illusion—using the same UTXO repeatedly, the TVL number seems astonishing, but these bitcoins have not actually been on-chain, and the protocol's 'locking' has become mere rhetoric!
Yu Feng proposes two major solutions:
True on-chain locking: Ensure funds are actually locked through Bitcoin script addresses. Introduce zero-knowledge proofs: Locking is transparent and secure, preventing double-spending and restoring the foundation of trust.
This is not just a technical issue, but a battle for trust! The future of BTCFi depends on whether the industry can combat false prosperity with real locking mechanisms. In the face of such ecological challenges, do you still dare to blindly chase the myth of high TVL?
Don’t be blinded by short-term fluctuations; Brother Tang teaches you to set goals, advance step by step, and witness the explosion of wealth with a smile! Follow Brother Tang to take you from confusion to freedom!
