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Adeniyi Abiodun: New platform to enable Bitcoin ETF yield strategies onchain
Adeniyi Abiodun has highlighted an innovative solution for Bitcoin ETFs, which currently hold tens of billions in BTC but cannot deploy that capital to generate returns. He explains that Hashi on SuiNetwork will allow these ETFs to borrow stablecoins, issue debt, and earn yield on their Bitcoin holdings, all through a fully decentralized and onchain process for the first time.
Abiodun has addressed protocol challenges in prior commentary, including a recent Drift incident on Solana affecting users and team members. Earlier, he marked the one-year anniversary of Walrus Protocol, noting boosted WAL rewards of up to 72% APY. His latest statements add context to ongoing developments in decentralized finance infrastructure.
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