Spent some time looking at the Babylon Trustless Bitcoin Vaults (TBV) campaign and one detail stood out: the point is not just using Bitcoin. It’s using native BTC as collateral without wrapping it, bridging it or handing it to another layer first.

That matters because most Bitcoin utility still starts by turning Bitcoin into something else.

BTC is the largest asset in crypto yet most of its economic role is still limited to being held, transferred, or sold. Once people want to do more with it, the usual path is to leave native Bitcoin behind and use a more flexible version elsewhere.

TBV points in the other direction.

That’s the tension I keep coming back to: the market says it wants Bitcoin utility but most usable Bitcoin has depended on becoming less native first.

So the interesting part isn’t just the feature itself. It’s the attempt to expand Bitcoin’s financial role without first changing what Bitcoin is.

If that starts to work, it could say something bigger about where Bitcoin fits next not just as value people hold, but as capital that can move through the on-chain economy on more Bitcoin-native terms.
@BabylonLabs_io #baby $BABY
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₿ Native BTC utility?