Actually, the on-chain liquidity for $PAXG is pretty decent now. In many scenarios where $BTC is a must, gold can step in and play a role. Plus, with things like US Treasury bills (@Theo_Network), Euro on-chain (@stbl_official)... $BTC's niche in the $ETH DeFi space isn’t absolutely secure. I’ve done a lot of interviews and research on $BTCFi ecosystems... and up until now, only @Lombard_Finance is doing something truly practical. Practicality always starts with simplicity—making it easy for everyone to understand. Unfortunately, many developers in the $BTC community are unwilling to lower their stance.