medium.com/pangacapital
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Yield Without Tears: Unlocking Self-Custodied Yield on BTC

For 15 years Bitcoin has been the worldβs first decentralized settlement network precisely because it isnβt a Turing-complete computer. Limited opcodes, hard-fork aversion, and a βshelling pointβ social contract have kept the protocol simple, auditable, and politically neutral. The cost is obvious: native DeFi is impossible. No on-chain AMM, no lending markets, no composable derivatives.