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Existing Bitcoin lending solutions carry too much risk, specifically counterparty risk.
To lend out or borrow against BTC, you have to trust a CeFi platform (or custodian in the case of wBTC) with handling your BTC funds. As a result, most Bitcoin sits idle in cold storage and isn’t used to grow the Bitcoin economy.
Any economy needs borrowing and lending to live, breathe, and grow - and so does the Bitcoin economy. Bitcoin holders need to be able to access liquidity safely without having to sell their BTC. Businesses need to be able to borrow BTC to scale up their activity in the Bitcoin economy.