One of the largest inefficiencies in crypto today is the inability for individuals and institutions to turn Bitcoin into a productive asset. Hashi is an example of something that has the potential to be massive during the next bull market - because it enables individuals to both lend and borrow against their BTC without the main custodial risks of centralized wrappers. Perfect example - when banks receive cash deposits, they put that money to work rather than letting it sit entirely idle. Rather than trusting some intermediaries for access to digital credit (e.g. the current DAT model), this type of model allows individuals to determine their own terms, yield, etc. It doesn’t eliminate the risk involved with managing positions, but it makes the process more transparent to analyze and manage than putting it fully in someone else’s hands. Lots of huge institutional partners part of this - so would expect the majority of early volume to be big players who want access to yield and cash without taxable sales event on their BTC, but retail will have access as well. Will be paying close attention to this as it develops with the global testnet launch next month.(K A L E O)