Rich Rines - lstBTC: Yield-Bearing Bitcoin Collateral - TOKEN2049 Dubai 2025
Explore the innovative landscape of Bitcoin collateral in Rich Rines' insightful presentation at TOKEN2049 Dubai. This talk delves into the transformative potential of the Bitcoin DeFi ecosystem, Core, emphasizing its role as the "Bitcoin everything chain." Rines highlights Core's position as the largest Bitcoin DeFi ecosystem with over $500 million in Total Value Locked (TVL) and a million active weekly users. Central to the discussion is LSTBTC, the liquid staked Bitcoin token, developed in partnership with Maple Finance. This new asset aims to unlock Bitcoin's potential as a yielding collateral asset in both Wall Street and Main Street applications.
LSTBTC represents a crucial leap forward in creating sustainable, yield-bearing Bitcoin products, facilitating its role as a premium collateral asset. With its unique properties, LSTBTC can serve as a yield enhancer, a tool for early liquidity, and a means to bridge the gap between traditional finance and crypto ecosystems. Rich Rines, drawing from his extensive experience, including at Coinbase, provides a comprehensive overview of how Core is expanding Bitcoin's utility through innovative staking solutions and strategic industry partnerships.
This presentation is essential for understanding how Bitcoin's role in the financial world is set to evolve, promising a multi-decade opportunity with significant potential. We invite you to engage with this forward-looking content—please like, comment with your thoughts, and subscribe for more leading-edge insights from TOKEN2049.
