Are there middlemen in the cryptocurrency world?

Of course, what isn’t there in the cryptocurrency world? The BR project is just a middleman for "re-staking Bitcoin," specifically helping people put BTC, ETH, and other major coins into various staking protocols to earn interest.

They created a wrapped token called brBTC, claiming it can generate more Bitcoin in DeFi, which sounds like a cryptocurrency version of Yu'ebao.

Although it carries the Binance Alpha label, the token's circulation is only 21%, with the remaining 79% locked up, and when it's unlocked, it will definitely face a sell-off.

These types of staking intermediaries can make a living during a bull market, but essentially, it’s just a nested doll game, using your coins to yield other people’s returns while taking a cut in between.

If you really want to play, it’s better to stake native BTC directly; why let middlemen profit from the price difference?

In the short term, if Bitcoin continues to rise, it may jump a bit, but in the long run, this model could be replaced by more fundamental protocols at any time. I’ve noticed a pattern: any coin with "rock" in its name usually ends up crashing!

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