This bonus episode of The Bitcoin Playbook explores Bitcoin-native DeFi: what it is, where it’s going, and whether it’s worth the attention of serious Bitcoiners. To listen to the full episode, subscribe to The Bitcoin Playbook on Fountain (https://fountain.fm).

Guest David Gamble shares how reading and curiosity help navigate emerging tech, before diving into DeFi use cases on Bitcoin - borrowing and lending BTC without giving up custody, the role of Bitcoin-backed stablecoins, and what institutions are watching.

We examine the risks, the protocols, and the tension between innovation and Bitcoin's core values.

Key Topics:

• What Bitcoin-native DeFi is and how it works
• Lending and borrowing Bitcoin without custodial risk
• Bitcoin-backed stablecoins and treasury use cases
• Risks, incentives, and protocol red flags