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Centralized Bitcoin lending platforms dangle massive yields in front of investors—but the fine print? That's where things get murky.
Why do so many projects implode? Simple: their math doesn't add up. Maturity mismatches pile on top of hidden leverage, and nobody knows it until the dominoes start falling.
Some platforms are taking a different approach. Instead of chasing outsized returns, they prioritize transparency. Take LBTC as an example—every single Bitcoin is accounted for on-chain, flows are auditable, and users can actually verify what's backing their positions. You trade some yield upside for peace of mind. Real accountability.
It's the classic tradeoff in DeFi: chase yield numbers, or build on solid ground. The market's slowly learning which matters more.