According to BlockBeats news on January 4, the founder of Nubit recently stated that many protocols in the current BTCFi ecosystem fabricate locking through offline pre-signed transactions, which do not actually lock Bitcoin on the mainnet but instead create an illusion of being 'locked'.
Users can submit multiple pre-signed transactions with the same UTXO, allowing multiple protocols to count it as TVL, but in reality, this Bitcoin is not actually locked anywhere. This operation leads to false inflation of TVL and serious trust issues.
He proposed two solutions:
· Truly put the transaction on-chain by locking funds through a Bitcoin script address;
· Use zero-knowledge proof design to make the locking process both transparent and secure, avoiding double-spending risks.
Without the guarantee of the Bitcoin mainnet, this collective problem will only continue to arise. BTC is the cornerstone of trust, and TVL must reflect real value, not an illusion.
