Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Sure. But I was talking specifically about bitcoin, not crypto in general.


You can lend bitcoin on etherium using erc20 defi platforms

https://milkroad.com/lend/btc/#:~:text=In%20DeFi%20BTC%20len....


Sure, but to lend your bitcoin you have to transfer it to a lending platform, which is to say, to a trusted third party (TTP). The whole point of bitcoin is supposed to be that it does not rely on a TTP. If you're going to trust a TTP to administer your loan, you might as well trust them to keep the ledger too. As soon as you lend your bitcoin you lose all of its purported advantages, including inflation protection. All you're left with is a ridiculously high electric bill.


that’s not true, you can lend over defi using erc20 contracts


You can lend ethereum coins that way. You can't lend bitcoins.


You can lend WBTC, which is nearly the same thing


You and I have different ideas of what "very nearly" means.


Money




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: