Solv Protocol Business Director: How to handle the huge amount of new funds will be a major challenge for BTCFi builders

Odaily News At the 2024 Hong Kong SmartCon conference held by Chainlink, Jing Xiong, business director of Solv Protocol, said in the roundtable "BTCFi: Uncovering Trillion-Dollar Opportunities" that Bitcoin, as a financial architecture, has always emphasized "trustlessness". The reality includes both vision and use cases - in reality, users and protocols trust large centralized exchanges and oracles such as Chainlink and use their services. This shows that the trust assumption of Bitcoin has changed today. As a result, the BTCFi protocol is no longer just to attract and serve traditional coin holders (users with Bitcoin addresses), but also to include traditional institutions such as ETF issuers. How to take on huge amounts of new funds and improve the experience of institutional users will be a major challenge for BTCFi builders.