#bedrock $BR Lately, I've been feeling that the competition logic in BTCFi is shifting.
In the past, everyone was obsessed with yield; wherever the APY was highest, that's where the money flowed. But as more and more protocols emerge, the yield gap is actually being narrowed.
When everyone can provide returns, what might truly differentiate them is not the yield itself, but who can enhance the capital efficiency of BTC.
I believe the next stage of the BTCFi battle is not about individual products, but about liquidity gateways.
Because regular users can't possibly research multiple ecosystems like Babylon, EigenLayer, and Symbiotic at the same time; what they ultimately need is a simpler, more efficient way to participate.
I've recently revisited Bedrock, and I find its direction quite intriguing. Instead of just being a yield protocol, it seems to be trying to connect different yield scenarios, allowing one asset to capture the value from multiple ecosystems.
Yields will fluctuate, trends will rotate, but the infrastructure that can continuously attract liquidity tends to have more longevity.
If BTCFi really does end up managing trillions in BTC assets, then rather than who has the highest yield, I'm more interested in who can become the central hub for capital flow.
#btcfire #Bedrock #BR @Bedrock