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Bitcoin's liquidity once massively migrated to the Ethereum ecosystem, and the reason is simple—smart contracts are indeed faster and more flexible. But now Mezo has appeared, and Bitcoin DeFi finally has a chance to return to the main stage.
Looking back at the period from 2020 to 2021, I spent a lot of effort in Ethereum DeFi. That experience gave me a deep understanding of a harsh reality: how risky this field can be. Contract vulnerabilities, slippage, impermanent loss, and various well-designed traps—just a moment of carelessness can wipe out your funds. Ethereum's prosperity masked many pitfalls, and only those who have actively managed can truly understand. Now that Bitcoin is starting to have its own DeFi tools, this is not only an ecosystem enhancement but also an opportunity to rethink security and reliability.