IMO that is the most important points are:  The winner in #BTC loan will 1) be native asset #BTC- hence no tax on conversion to cbBTC or wBTC  2) self custody perhaps via multsig 3) bankruptcy remote entity that holds the other keys or a UCC filing on the BTC that is held as collateral.  Whoever masters this with a reasonable interest rate is the winner.  Looking forward to your follow up tweets on who this may be.
#BTC #BTC