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Bitcoin DeFi is facing a demand problem that is growing increasingly difficult to dismiss, according to CryptoSlate.
The issue centers on whether the ecosystem built atop $BTC can attract and sustain real user activity — not just capital parked in anticipation of yield.
The Core Tension Bitcoin was not architected for decentralized finance.
The protocols layered on top of it — designed to unlock yield, lending, and liquidity for $BTC holders — have had to work around that constraint from the start.
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