a hoodie-wearing founder built an app that lets people hold dollars and earn yield sourced from bitcoin-backed loans his stated goal is to onboard the world to bitcoin, but he starts by offering dollar accounts that feel safe and familiar he takes bitcoin from one side of the market, lends dollars against it to the other side, and captures the spread there’s no promise of bitcoin upside to dollar holders, just yield… but that yield only exists if bitcoin demand keeps growing he doesn’t print tokens, he routes flows… but the entire machine depends on bitcoin staying relevant, liquid, and in demand if bitcoin activity slows, the yield disappears if bitcoin grows, the system scales with it many would call it a bank built on bitcoin rails, but if you put it in an app store, wrap it in clean UX, and call it payments… it’s “the easiest way to use bitcoin without using bitcoin”