Most people are still treating Bitcoin-backed borrowing as another lending product. What I'm watching instead is whether the collateral itself becomes reusable infrastructure. That's a very different shift.
@BabylonLabs_io is building Trustless Bitcoin Vaults (TBV) around native Bitcoin rather than wrapped substitutes, and that changes where credit can originate instead of simply where liquidity sits.
If applications begin designing around the same trustless collateral standard, the advantage won't come from offering the highest yield. It'll come from attracting the deepest source of native BTC commitment.#baby
I've noticed markets often price new products long before they price new financial rails. That's why I'm paying more attention to how TBV could support multi-chain Bitcoin credit than to short-term narratives around borrowing demand.
The quiet competition may eventually be for access to native collateral, not wrapped liquidity.$BABY
This isn't about one lending market anymore. It's about who becomes the foundation for Bitcoin-backed credit across ecosystems.
@BabylonLabs_io is building Trustless Bitcoin Vaults (TBV) around native Bitcoin rather than wrapped substitutes, and that changes where credit can originate instead of simply where liquidity sits.
If applications begin designing around the same trustless collateral standard, the advantage won't come from offering the highest yield. It'll come from attracting the deepest source of native BTC commitment.#baby
I've noticed markets often price new products long before they price new financial rails. That's why I'm paying more attention to how TBV could support multi-chain Bitcoin credit than to short-term narratives around borrowing demand.
The quiet competition may eventually be for access to native collateral, not wrapped liquidity.$BABY
This isn't about one lending market anymore. It's about who becomes the foundation for Bitcoin-backed credit across ecosystems.