I have been following ZenChain's technical path for the past few days and I want to figure out one thing: how did it bring Bitcoin into DeFi without sacrificing BTC security? Let's start with the conclusion: @ zen_chain's focus is not on "making BTC more active", but on reducing the systemic risk of BTC's participation in cross chain and DeFi He's not taking the traditional custody bridge route Most BTC cross chain solutions on the market The essence is still: multiple signatures/hosting/external verifiers → high trust cost, once something happens, it is a systemic accident ZenChain's approach is more inclined towards compressing cross chain processes into fewer trust links and anchoring security on BTC native cryptography as much as possible. They use Schnorr signature+simplified cross chain process, reducing dependence on external watchers/relays, while designing to prevent theft and manipulation If the project can really run smoothly, at least in terms of logical security, it is cleaner than many "packaged BTC" Why does he repeatedly emphasize 'low-risk interactions'? I actually quite agree with this point. ZenChain is not about BTC being used for high-frequency profit hedging, but rather providing long-term holders with an option to put idle assets into a risk controlled return layer without compromising BTC's security model. So you will see that its economic model revolves more around: cross chain settlement fees, network transaction fees, and then staking and participating in network profits, rather than relying solely on inflation subsidies to pull TVL The K-line of ZTC is not looking good these days, and the pullback after TGE is not small, indicating a clear weak short-term sentiment. But this type of trend itself is also very "L1 new currency": the initial release of liquidity, the concept of taking profits from new trading has not been fully digested, and so on I personally will not discuss the 'target price' at this stage, but rather pay more attention to whether there is real growth in the subsequent mainnet, security records, and BTC cross chain scale. But ZenChain has provided a relatively restrained and engineering oriented solution to the old problem of BTC asset efficiency and cross chain security Whether it can run out depends not on the story, but on whether it can safely and stably run this mechanism on the real scale of funds I will continue to track its mainnet progress and cross chain data in the future. This article is still just a research record, DYOR