Rootstock Labs’ Richard Green Says Bitcoin DeFi Is Targeting Miners and Treasury Firms Amid Liquidity Decline

Rootstock Labs’ head of institutions and ecosystem, Richard Green, said Bitcoin DeFi projects are shifting their focus to smaller but better-capitalized user groups as overall DeFi liquidity continues to fall. According to Odaily, Green said during the BTC Prague conference that crypto-native traders and hedge funds that were previously easier to reach have largely exited due to capital outflows from the DeFi market. Data cited in the report showed total value locked in DeFi protocols fell from about $180 billion in October last year to about $70 billion currently. Against this backdrop, Green said Rootstock is targeting Bitcoin miners and digital asset treasury companies with lending and yield products. He said these users typically hold large amounts of BTC but may seek liquidity or returns without selling their assets. Green added that demand for Bitcoin DeFi is not broadly distributed and is instead concentrated among a small number of well-funded niche groups. He said the priority for projects is shifting from scaling user acquisition among general DeFi users to designing products around real balance-sheet needs.