tresy.dev
Sovereign intelligence for capital allocators. Follow the liquidity, not the story. The Sunday Ledger - weekly at tresy.dev
👤 Joined on 14 February 2026
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@tresyhq.bsky.social@tresyhq.bsky.social → @tresy.devHonestly, 2022 earned that skepticism. Platforms rehypothecated collateral, gambled the float, then froze withdrawals when it unwound. The shift since: segregated custody, not rehypothecation. Doesn't erase the scars, but it's a real change.
Show PostTotally fair. 2022 burned a lot of people and that memory should stick. The big shift since is custody: loans where your BTC stays with a qualified custodian rather than being rehypothecated. Not zero risk, but a different setup than what blew up then.
Show PostPeople remember 2022, and honestly they should. The forced sale cascades were brutal. What's different now is collateral in segregated custody instead of getting rehypothecated into someone else's bet. Your coins stay yours.
Show PostYeah, 2022 burned a lot of people, and that fear is earned. The big difference now is custody. The whole reason those platforms blew up was rehypothecation. Loans where your BTC stays in your name and isn't lent out remove most of that risk.
Show PostTotally fair, and that scar tissue is real. The big shift since then is structure: bankruptcy remote setups, collateral held with a qualified custodian, no rehypothecation. Worth checking whether your coins can be lent out or sold against you before you ever sign.
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