SLAY, Solid Idea, or Risky Ride?

[NotGuru]

I’ve been lurking around this project called SLAY, part of the SatLayer protocol built to use Bitcoin as security for protocols and dApps.

 

It’s already on BingX (innovation zone), and I’ve played around with a small bag to test waters. The concept is legit, you’re restaking BTC to offer security guarantees to other chains. Think EigenLayer, but with Bitcoin involved.

 

 

But here’s the kicker, while I’m bullish on the tech, price movements have been spiky. Hardly surprising given how fresh it is. There’s clearly speculation going on, but beneath that’s an actual framework that could give BTC new relevance beyond hodling.

 

DYOR though. Anyone else in?