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I borrowed and lent on Zest, and on Aave before that, and could never tell if a rate was fair. Every lender quoted its own number.
So I built the rate I needed. Now I've written down why it has to work the way it does.
Four pages.
The SBOR white paper is out.
What a reference rate for loans against bitcoin must be, how SBOR computes it, and what changes when lenders and borrowers use the same rate.
Stamped on Bitcoin, Arc, Base, Hyperliquid, Solana and Stacks.
sbor.xyz/whitepaper
I ran a company for 22 years. Showing up every day was the job.
SBOR turns 60 days today. The hardest day was October 7. A lender's contract said zero while its app said 1.30%. SBOR read the contract and withheld the rate rather than publish a wrong one.
Next Thursday I'm teaching agents to stop borrowing blind.
45 minutes with @BFFARMY_. You leave with an agent that checks any loan rate against the market before it borrows. Free, no key, no wallet.
Thursday, November 5, 6 PM ET. nitter.cf/BFFARMY_/status/211551…
🪖 BFF.ARMY Bootcamp: Exploring @SBORindex | AI Agents & Bitcoin DeFi Lending
With @gzani
📅 Thursday, November 5
🕕 6:00 PM ET
Explore how SBOR brings lending rate data into Bitcoin DeFi and how AI agents can use it to better understand borrowing conditions.
gzani retweeted
🎙️ 𝕏 Spaces: Building on Bitcoin | Co-Host @Stacks
Topic: Limit Orders are live on Bitflow!
📅 WED OCT 28TH | 🕑 3:00PM ET
✨Guests: @gzani, @kenzman18 , @dev_jayteee
Onchain assets become on-chain collateral. And collateral needs a reference rate, the way repo has SOFR.
That's the piece I'm building for bitcoin.
A tokenized Treasury settled on BNY's ledger, then backed an overnight repo with Citadel Securities.
Repo is what SOFR is built from. Collateral is moving on-chain, and its rate has to follow.
Bitcoin is collateral too. SBOR publishes its daily rate.
sbor.xyz
I remember when I was a kid how exciting was every new Mario Bros launch. I kinda have a similar feeling nowadays when the LLMs launch new versions of their model. Today was Opus 5.5 day!
gzani retweeted
Seinfeld Bitcoin Highlights 🎬₿
A montage of all the Seinfeld Bitcoin clips so far!
If you’ve been enjoying them, please retweet and follow. More on the way.
Bitcoin yield is getting simpler.
stBTC is now live on Stacks, offering up to 2.6% target Bitcoin Staking yield that auto-compounds directly in BTC.
That means your BTC position can grow over time without selling the underlying asset.
Limited allocation, first come first serve.
stBTC is live on @Stacks.
Deposit and earn Bitcoin Staking yield that auto-compounds in BTC, up to a 2.6% target yield produced by Stacks Bitcoin Staking.
Allocation is limited, first come first serve.
Bitcoin doesn’t need to go up for your BTC stack to grow.
At a sustained 6% annual yield, with the yield continuously reinvested and compounded, the Rule of 72 suggests your BTC balance could roughly double in 12 years.
Zest just launched a levered stBTC vault targeting BTC-denominated yield.
1 BTC → ~2 BTC over 12 years, if that 6% yield persists and compounds.
That’s the opportunity when Bitcoin becomes a productive asset. I am in.
🟠 Now live 🟠
Levered Bitcoin Staking on @Stacks.
This Vault one click loops stBTC into more Bitcoin Staking yield. No manual borrowing, no rebalancing.
So far, this is the largest weekly rise in Bitcoin since the beginning of the last bull market. HODL.
White House Crypto Summit recap:
• President Trump says US considers buying "sizable" amounts of Bitcoin & other crypto.
• Trump calls on Congress to pass Crypto Clarity Act.
• Trump says US is ensuring it remains the "undisputed leader" in BTC & crypto.
• Hyperliquid HYPE pumps 15% to $69 after Trump says CFTC is working to bring it to US.
• SEC Chair Paul Atkins says "we will ensure that the greatest advances of the technological frontier are realized right here in America."
• Gemini co-founders say "America should lead in crypto and win in market."
• Trump says he "ended the war on crypto once and for all."