jakewoodhouse on Nostr: The Celsius Crypto Collapse Explained... Igor Neumann and I break down the collapse ...
The Celsius Crypto Collapse Explained...
Igor Neumann and I break down the collapse of Celsius and how it inspired the design of Firefish, a Bitcoin-native lending platform built to minimize trust and eliminate counterparty risk. We discuss what really happened with the failed yield platforms, why chasing 4% yield on Bitcoin is like picking up pennies in front of a steamroller, and how Firefish uses native Bitcoin tools like multisig to create a trust-minimized protocol.
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