Luke Xie, co-founder and CEO of Satlayer, stresses the importance of highlighting bitcoin's use cases beyond its price in dollars. The increasing popularity of bitcoin is disconnected from the underlying technology, and Xie believes that developments like Taproot can sustain interest and showcase the true potential of bitcoin. Taproot not only enables the trade of non-fungible tokens (NFTs), but also allows for the creation of solutions that extend bitcoin's utility without sacrificing security. Xie also mentioned the concept of Bitcoin restaking, which allows users to earn yields while keeping their principal BTC secure. Satlayer has introduced Bitcoin Restaking Tokens (LRTs) to mirror staked BTC, creating a BTC-centric decentralized finance (BTCFi) ecosystem. Xie argues that bringing the Ethereum restaking concept to bitcoin can open up new opportunities for BTC-centric defi, including stablecoins, lending protocols, and synthetic assets.



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