# DeFi — X 热门讨论 (2026-10-01 10:57 UTC)

## @just_johnny4 (Papy 🐳) · 10-01 08:45 · ♥105 ↻3 💬118 Imagine holding an asset that has spent years becoming one of the most valuable forms of digital money, but whenever you want to do something more with it, you have to think about how to connect it to another environment.

That is the opportunity @Starknet sees with Bitcoin.

The goal isn’t to change Bitcoin or ask BTC holders to give up what makes Bitcoin valuable. Instead, Starknet is building infrastructure that allows Bitcoin to interact with a programmable environment where applications can actually make use of BTC.

strkBTC is an important part of that approach. It brings Bitcoin-backed value into Starknet, allowing BTC to interact with supported DeFi applications and other onchain use cases. This creates a path for Bitcoin to participate in things like crypto lending, liquidity and trading rather than remaining limited to simply holding the asset.

There is also a privacy dimension to what Starknet is building. Bitcoin’s public ledger makes transactions and balances observable, which is useful for transparency but can reveal more financial information than some users may want to expose. Starknet’s STRK20 infrastructure introduces shielded balances and transfers for supported assets, including strkBTC, giving users an sleepagotchi additional option for how certain information is exposed.

The important distinction is that this doesn’t make Bitcoin anonymous, and it doesn’t mean every activity becomes private. It is about adding optional privacy to a programmable Bitcoin experience.

So when I look at Starknet’s Bitcoin direction, I don’t just see another way to move BTC around. I see an attempt to build an environment where Bitcoin can retain its role as a foundational asset while gaining access to more programmable applications and financial use cases.

The interesting question isn’t whether Bitcoin needs to become something different.

It’s whether we can build enough infrastructure around it to let Bitcoin do more without changing what Bitcoin is. https://x.com/just_johnny4/status/2105579943593697548

## @RaeeeEth (RAE) · 10-01 08:46 · ♥82 ↻3 💬95 Bitcoin has already won the store-of-value battle.

The next question is: can it become productive without losing what makes it Bitcoin?

That’s where BTCFi comes in.

And I think @Starknet has an interesting position in that story.

Rather than asking Bitcoin holders to abandon their BTC exposure, Starknet is building rails that can bring Bitcoin into an environment where it can interact with DeFi.

One example is strkBTC.

The idea is simple:

BTC in your wallet → strkBTC → Starknet → DeFi

Once BTC is on Starknet, holders can explore supported applications for things like trading, liquidity, crypto lending/borrowing and earning opportunities.

But there’s another part of the story that matters:

privacy.

Bitcoin activity is increasingly being used onchain, but public blockchains can expose balances and transaction activity.

Starknet supports private flows and shielded balances where available, giving users more control over what becomes publicly visible.

So I don’t see Starknet’s BTCFi position as simply:

“Bring Bitcoin to another chain.”

It’s more interesting than that.

It’s about creating an environment where Bitcoin can become more useful without requiring holders to sell their BTC or route through a centralized exchange first.

That’s the BTCFi thesis I find interesting:

Bitcoin provides the asset. Starknet provides the environment to do more with it. strkBTC connects the two.

And if Bitcoin is going to become more than something we simply hold, infrastructure like this is going to matter.

Using strkBTC and DeFi protocols involves risks, including smart contract, bridge, liquidity and market risks, and potential loss of funds. Returns aren’t guaranteed. Do your own research and only use products you understand. https://x.com/RaeeeEth/status/2105580027366547552

## @Marwarn_mj (MarOne) · 10-01 08:56 · ♥73 ↻2 💬81 The @Starknet × @KaitoAI campaign ends tomorrow, October 2.

If you’ve been creating around Starknet and strkBTC, this is the time to make sure your strongest work is submitted through Kaito.

The campaign is centered around bringing Bitcoin onto Starknet, putting it to work across DeFi, and using Starknet’s privacy infrastructure to shield balances and transactions when needed.

strkBTC makes BTC more productive onchain, while STRK20 adds a privacy layer without taking assets away from existing DeFi liquidity and applications.

If you have content to submit, don’t leave it until the deadline. Get your best work in before the campaign closes. > 引用 @Starknet: On Starknet, Bitcoin is both private and productive via strkBTC.

That unlocks new ways to use BTC and we want creators to show their audiences what it can do.

Starting today, create content about strkBTC and submit it through @KaitoAI for a chance to earn.

🧵 https://t.co/ya3xwOsGjA https://x.com/Marwarn_mj/status/2105582492262576357

## @LeLienofficiel (LeLien) · 10-01 07:45 · ♥72 ↻14 💬1 🇩🇿🇺🇸🎬 À Alger, l’acteur américain Jason R. Moore, connu notamment pour son rôle dans The Punisher, a rencontré de jeunes comédiens algériens lors d’un atelier organisé à l’Institut américain.

Échanges, exercices, conseils et partage d’expérience étaient au rendez-vous. Les jeunes acteurs lui ont également lancé un défi : rejouer en anglais une scène culte d’Athmane Ariouet.

Un moment à la fois sérieux, convivial et symbolique d’un échange entre les cultures algérienne et américaine. https://x.com/LeLienofficiel/status/2105564800394662179

## @SherifDefi (Sherif) · 10-01 09:33 · ♥78 ↻7 💬6 Standard Chartered putting a $2 target on $ENA will get the headlines.

But the assumptions behind it are much more useful imo

They model USDe going from ~$4.9B today to $40B by 2028, while @ethena gradually moves beyond relying on the crypto basis trade for yield.

It’s important because the old constraint was pretty obvious: basis yields compress when too much capital chases the same trade.

Their model has the next $35B of USDe increasingly supported by a wider mix of DeFi lending, institutional credit, liquid stables, RWAs and eventually equity/commodity basis trades.

Then comes the ENA part.

With 95% of net revenue directed toward buybacks, Standard Chartered estimates $40B USDe could produce an annualized buyback equivalent to ~23% of ENA’s circulating market cap if ENA’s price stayed unchanged.

Obviously it wouldn’t stay unchanged if that amount of buying actually materialized.

Basically their argument for why the buyback rate should compress as ENA reprices, eventually settling closer to a sustainable level.

So the $2 target is almost secondary.

The bet in this report is that Ethena can find enough yield outside the crypto basis trade to support an 8x larger USDe without crushing the returns that attracted the capital in the first place.

Exactly the assumption I’d be watching. > 引用 @ethena: Standard Chartered has initiated research coverage of Ethena.

They forecast potential USDe growth of ~8x in the next 2 years as the convergence of DeFi and TradFi accelerates.

Unclear why they are so bearish, but worth a read regardless: https://t.co/JlzXqrqc07 https://x.com/SherifDefi/status/2105591838266564641