The phenomena don't really seem comparable. With bitcoin treasury companies, there is no smart contract risk and it's clear how the yield is generated. There was also oftentimes not any actual capital...
It's very comparable.
Strategy has a Bitcoin pool that people help to fill by buying the stock. This pool is then used to develop and fund other yield farming products like STRC.
In both case there's no business model. It's just staking money to make money. The problem with these defi protocols were never the smart contract risks. They didn't failed because of that risk. They failed because there's no free lunch.
Strategy has a Bitcoin pool that people help to fill by buying the stock. This pool is then used to develop and fund other yield farming products like STRC.
In both case there's no business model. It's just staking money to make money. The problem with these defi protocols were never the smart contract risks. They didn't failed because of that risk. They failed because there's no free lunch.
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