Read something in Babylons own explainer blog that directly contradicts a section of the whitepaper I already covered.
The blog aimed at non technical readers, says plainly No pooling. Bitcoins locked in different vaults are segregated and not Co Mingled. Pretty clear statement, each vault stands alone.
But the whitepapers section on lending pools describes exactly the opposite for one specific use case multiple lenders sharing a single vault through threshold based CO Signing k of n liquidators j of m large lenders. Thats pooling by definition, its literally combining multiple parties capital into shared collateral.
Both documents are official Babylon materials about Trustless Bitcoin Vaults (TBV). One says pooling never happens. The other spends an entire section designing how pooling works.
Might be that the blog is describing the simple two party case and just didn't mention the pooled variant exists, sloppy wording rather than a real contradiction. But as written, someone reading only the blog would walk away with a factually wrong understanding of how lending actually works here.
$BLESS $UAI
@BabylonLabs_io $BABY
#baby
The blog aimed at non technical readers, says plainly No pooling. Bitcoins locked in different vaults are segregated and not Co Mingled. Pretty clear statement, each vault stands alone.
But the whitepapers section on lending pools describes exactly the opposite for one specific use case multiple lenders sharing a single vault through threshold based CO Signing k of n liquidators j of m large lenders. Thats pooling by definition, its literally combining multiple parties capital into shared collateral.
Both documents are official Babylon materials about Trustless Bitcoin Vaults (TBV). One says pooling never happens. The other spends an entire section designing how pooling works.
Might be that the blog is describing the simple two party case and just didn't mention the pooled variant exists, sloppy wording rather than a real contradiction. But as written, someone reading only the blog would walk away with a factually wrong understanding of how lending actually works here.
$BLESS $UAI
@BabylonLabs_io $BABY
#baby
