Celsius and BlockFi burned the book, but new players are quietly rewriting it — with more caution, less hype, and scars that still sting.

❌ No more black boxes?

🟡 Lenders now avoid the “rehypothecation roulette” that tanked billions — promising overcollateralization, public reserves, and lower LTVs

🟡 Retail is mostly gone — loans are now used for #liquidity , tax deferral, or balance sheet play by corporates and long-term holders

🟡 Platforms like Strike say never again to reusing your $BTC , while others offer full disclosure or third-party custody

💬 “Rehypothecation still worries users — some are doing it better, but it’s the same 2021 story if transparency is missing,” says Accountable CEO Wojtek Pawlowski

🔒 Safer ≠ bulletproof

🟡 #BTC still swings 5%+ in a day — even conservative 40-50% LTV can collapse if markets dive

🟡 Collateral pools are mostly single-asset and can still vanish overnight

🟡 Modern lenders promise no yield-farming with user BTC — but one hidden repackaging, and the dominoes fall again

đŸ€” Who’s borrowing now?

🟡 Total CeFi #bitcoin loan book rebounded to $13.5B in Q1 2025 (up 9% QoQ)

🟡 Institutions and long-term HODLers are borrowing against BTC to access liquidity without triggering capital gains

🟡 But even they remain wary — because smart contracts don’t protect you from a 20% crash

💬 “Lower leverage, public reserves, even banking licenses — all improvements. But don’t pretend this thing’s bulletproof,” warns Savea CEO Sam Mudie

Bitcoin lending isn’t dead. But it's no longer the casino it used to be. And maybe that’s a good thing.

Buy and Trade $BTC here

#BinanceTGEXNY @WISE PUMPS