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MUSD represents an interesting take on Bitcoin-native finance—it's a stablecoin fully collateralized by BTC. What makes this compelling is the core mechanic: instead of having to liquidate your Bitcoin holdings when you need cash, you can borrow MUSD directly against your BTC as collateral.

You maintain your Bitcoin position while accessing liquidity. That's a pretty pragmatic approach to solving the age-old crypto problem of forced selling during times when you actually want to stay long. It's one of the cleaner Bitcoin DeFi ideas gaining traction lately.
BTC-0.5%
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DegenMcsleeplessvip
· 01-06 02:15
Can't cash out liquidity without selling BTC? This idea is indeed refreshing, much better than being forced to cut positions.
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NotSatoshivip
· 01-05 01:06
This idea is good, but what about liquidation risk? What happens during a sharp drop in BTC…
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NFTArchaeologistvip
· 01-04 18:49
Well, not forcing the sale of coins really hits the sore spot.
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FloorPriceNightmarevip
· 01-04 18:44
Amazing, someone finally thought of this—borrowing money without liquidating your position.
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GateUser-ccc36bc5vip
· 01-04 18:33
You can cash out liquidity without selling coins, this idea is indeed clear-headed.
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SatoshiChallengervip
· 01-04 18:31
It's the old trick of "cash out without selling coins" again. Ironically, all kinds of derivatives before the 2008 financial crisis were hyped up the same way. Data shows that the liquidation rate of the previous generation of collateralized lending protocols was alarmingly high. How can we ensure not to repeat the same mistakes this time?
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MiningDisasterSurvivorvip
· 01-04 18:21
It's the same old trick. I've seen this too many times since 2018. Borrowed coins without liquidation? Sounds good, but when BTC drops 30%, the liquidation team will be lining up at your door.
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