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Every previous attempt to earn yield on Bitcoin came with a custody tradeoff: Wrapping it → handing it to a custodian Bridging it → trusting a multisig Lending it → putting trust in a third party With Stacks, your BTC stays in your own wallet and earns yield in BTC. And with liquid-staked BTC coming next in Stack's roadmap, Bitcoin could finally get its stETH moment. Here's my full thesis on what this means for Stacks, STX, and Bitcoin DeFi in general.