I could go the the other route which is defi. But with defi i am not interested in converting my bitcoin into something like wrapped bitcoin.
IMO it's good choice. Wrapped coin usually require some trust (e.g. trust the one who perform peg/de-peg process or those who operate the altcoin network). There's also security concern due to "bridge" which have history of getting compromised/hacked.
If there isnt really anything out that is relatively safe i am happy to continue hodling it on my ledger.
This is best option. Even lending BTC with collateral still pose some risk.