I'd absolutely love it if something like Thorchain made trustless wrapped Bitcoin possible on Ethereum.
A token would be released that represented shares in a wBTC+DAI fund. That pool would be controlled by a smart contract that traded the four-year cycles.
Advantages:
- Automatic trading thus removing stress from the token holders.
- The token would likely outperform BTC in appreciation
- No capital gains taxes for token holders as they would never sell their any tokens during the bull market tops.
I made a post about this:
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