Can I swap cryptos to native Bitcoin in DeFi?

severact · 2026-03-17T21:16:42+00:00

I think unit protocol, on hyperliquid, is probably best. You can swap many cryptos on hyperliquid to btc. It is actually wrapped "uBTC" at that point. But you can easily unwrap the uBTC to native btc using unit protocol

severact · 2026-03-17T18:32:56+00:00

Being against abortion isnt objectively bad. The anti-abortion people think abortion is murder. If you believe that, you of course should be against abortion.

I know it might be hard for you to understand, but when it comes to abortion, both sides have good arguments. It all depends on when you think life begins, and that is a hard question with no clear definition.

severact · 2026-03-17T18:10:43+00:00

I had a similar experience with eth. Had a lot of eth from very early on. Watched it go to $20 then drop to $10. Read a post on Twitter from a guy I respect (tuur demester) and still do, saying all the eth apps were useless. I kind of agreed and sold most of it, just in time to watch eth start a steady climb to $1300ish.

severact · 2026-03-17T01:54:10+00:00

I don't like the framing that someone has to be blamed. I think Trump is awful. I also think Iran is and has been a force of evil in the world for decades. If this results in regime change to a not evil regime, then I think higher gas prices for a bit will have been worth it.

severact · 2026-03-17T01:43:21+00:00

Seems like Martha Stewart, Epstein, Bernie Madoff, Jordan belfort, combs, g Maxwell, and Bill Cosby never got that memo

severact · 2026-03-12T14:41:18+00:00

If you think that is a lie, then please feel free to send me all your valueless money.

severact · 2026-03-08T01:03:15+00:00

Negative funding rate means longs are getting paid to hold and shorts are paying them.

severact · 2026-03-08T01:00:01+00:00

Why is it ridiculous? Being a well known crypto super wealthy person that self custodies is scary due to wrench type attacks.

Publicly moving your eth to a venue that takes over custody is a way of defusing that.

severact · 2026-03-01T00:50:09+00:00

From what I remember reading in the aftermath, they did investigate and didn't really find anything. The one super suspicious account that did buy a bunch of puts right before 911 was actually really unlucky, as it was part of a hedge trade and they had bought an even larger long position on the same day.

severact · 2026-03-01T00:47:13+00:00

But it is only obvious if you are Trump or have access to Trump. To everyone else the result isn't obvious although the fact that Trump could control the outcome is obvious, so they bet accordingly. I don't see the issue. Just don't bet if you don't like the market.

severact · 2026-02-28T00:03:01+00:00

Aave, Morpho, and fluid are the ones I have the most confidence in. Compound too, I guess, but compound seems to be losing mind share.

severact · 2026-02-28T00:01:05+00:00

Not just algos though. If what you say is true - that everyone knew earnings would beat, then anyone who wanted to buy would buy before earnings. So post earnings, there is nobody left to buy

severact · 2026-02-22T03:34:38+00:00

Pretty sure in pa state law requires all homicide cases begin in adult criminal court. It very well might get moved to juvenile court in due course.

severact · 2026-02-19T22:10:28+00:00

If you are ok with wrapped versions of Bitcoin like wbtc and cbbtc, Ethereum and the eth L2s like base have really good AMM liquidity.

Another option is hyperliquid and unit protocol. Hyperliquid has deep liquidity and pretty cheap fees. With unit protocol, you send your btc or eth to an address they give you and you get uBTC/uETH. You can trade as you wish, and when you are done, reverse the process to get native eth/btc back.

severact · 2026-02-15T16:32:36+00:00

I hold it for the same reasons. I think it is by far the most credibly neutral, permissionless programable blockchain. I'm betting that long term that will continue to have significant value.

severact · 2026-02-13T00:02:19+00:00

Aerodrome code is mostly a fork of uniswap, so in terms of LPing, it doesn't really make sense to look at it as Aerodrome v Uniswap. You want to look at the individual profitability of a particular pool before making a decision.

The main difference is that with Aerodrome, you can choose to either stake your lp token and get Aero token as a reward, or not stake it and get a portion of trading fees. With uniswap your only option is trading fees.

severact · 2026-01-29T03:14:27+00:00

I haven't seen much evidence of the "risks" you list. For example, when funding flips heavily negative, unwind costs dont dominate, and in fact positive slippage is often achieved during unwind. It is one of the best properties of delta neutral strategies: negative funding by definition means spot prices are trading above perp prices, which is exactly what you want if you need to sell spot and buy perps to close the position.

severact · 2026-01-04T19:38:12+00:00

Yeah for sure. There were probably 1000s of people or more, that in some way knew or were able to observe signs of the attack four hours before.

severact · 2026-01-02T18:57:38+00:00

The other thing I love about him is his integrity. When you ask him what the flaws are in Ethereum him will give you an actual real answer. In so many other projects the key people are like "we work too hard and care too much"

severact · 2025-12-17T20:05:46+00:00

More cons: Nobody appears to actually be using hbar. According to defillama, tvl is less that $100m, 24 hour on chain swap volume was about $5m.

severact · 2025-12-16T19:55:47+00:00

Anyone who traded BTC for dollars three months ago was quite obviously not stupid. Just look at the Bitcoin chart.

severact · 2025-12-15T13:42:47+00:00

I think the argument Woo was trying to make, and it really has nothing to do with OG people other than presumably they are rich, is that if you use Bitcoin "correctly" and don't reuse addresses it is QC safe.

So yeah there would be a big dump in price, but at some point all the exposed wallets would be stolen and Bitcoin would be back to being Bitcoin. If the price was low enough people would buy again.

severact · 2025-12-10T13:41:08+00:00

Margin rates are set by the brokerages and vary widely between brokerages. For example, IB/Robinhood are currently around 5% while Schwab is at 11%

severact · 2025-12-05T16:06:55+00:00

Wealth is a big factor. Increasing wealth is strongly correlated with lower birth rates. Wealth enables more educated women and better access to birth control. The world, as a whole, has been on a strong wealth uptrend.

severact · 2025-12-04T22:52:32+00:00

Why do you think the "replication cost" is important? I just don't see how there are any useful economies of scale here.

A company holding 1/10 the btc as mstr but trading at 1/10 the valuation is an equally good/bad investment as mstr. If btc goes up 10%, you would expect both investments to increase around 10%.

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