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BTC stays on the Bitcoin network, but risk management homework still needs to be done. Hashi announced over $500 million in capital commitments, with the mainnet planned to launch in phases this month; committed amounts can't be considered as funds already received. According to its design, deposited bitcoin:native stays on the Bitcoin network, sui:native mints corresponding hBTC, and upon exit, hBTC is burned and BTC is released. When looking at protocols like this, I always ask who controls the collateral, how redemption works, and what risks third-party products involved might carry. BTCFi Sui
