What is the state of BTC backed lending in Defi?

For someone who hasn't really dug into Defi yet, what is the current state of things for collateralized lending, specifically with BTC?

Can you convince me that it's safe to use for large amounts of money?

After the mass extinction event of 2022 for centralized services, the state of crypto lending is in a really sad state right now. There are a few companies remaining, but who wants to give up control to a centralized party again?

But the defi space also seems to also be developing very slowly. Granted, this is coming from someone who hasn't really been paying close attention. But what are the options? Thor Swap is still in beta for lending, so that doesn't sound great. So, I guess the question is: What the most developed, tested, user-friendly, overall solid platform out there for this?

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