According to @richrines, lstBTC aims to transform Bitcoin from an idle asset into a liquid, yield-bearing collateral, as discussed at Token2049 (source: https://twitter.com/richrines/status/1921995194880135610). This innovation is designed to improve capital efficiency for traders and enable the development of structured financial products in the crypto market. For active crypto traders, lstBTC creates new opportunities for yield generation and leverage, potentially increasing Bitcoin’s utility as collateral across DeFi platforms and trading protocols.