Bitcoin DeFi Has Been Elusive. Can Mysten Labs Bring $1.4 Trillion Onchain?
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Hashi enables Bitcoin DeFi without triggering tax events - by avoiding traditional wrapping or swapping, the protocol allows users to access liquidity and yield without the immediate capital gains tax hit associated with moving to other chains.
“The protocol is built with institutions in mind, highlighting for one that it does not trigger a tax event like alternatives and also comes with low-premium on-chain Bitcoin denominated insurance.”
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Native on-chain insurance lowers institutional barriers - the protocol features built-in Bitcoin-denominated insurance, addressing the primary security and risk-management concerns that have kept $1.4 trillion in BTC on the sidelines.
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Mysten Labs is bypassing the limitations of L2s and wrapped tokens - Hashi aims to provide a trust-minimized, institutional-grade bridge that preserves the native properties of Bitcoin while making it a productive asset within the Sui ecosystem.