a16z doesn't put $15m behind random ideas
that's crypto's biggest vc, the same one that's been early on half the projects that actually mattered, and they backed babylon specifically to build out native bitcoin collateral vaults. that's not marketing spin, that's just where smart money decided to put real capital.
here's why it matters. bitcoin's been the biggest asset in crypto for years and somehow still the hardest one to actually use in defi. every solution before this involved wrapping it, bridging it, or handing custody to someone else and hoping nothing goes wrong.
Trustless Bitcoin Vaults, TBV, is babylon's fix for that gap. your real bitcoin, not a synthetic version, gets used directly as collateral. no bridge moving it anywhere, no custodian sitting on your coins.
first product built on it is native BTC backed borrowing through Aave v4, live on public testnet right now. deposit actual bitcoin, borrow usdc or usdt on ethereum, and your keys never leave your control at any point in that process.
worth remembering too, babylon's not some team testing an idea for the first time. their bitcoin staking protocol has secured over 10b in bitcoin historically, holding around 4b right now. that's the track record backing this next product.
when the biggest vc in the space and a team with actual billions secured both point the same direction, that's usually worth paying attention to before everyone else does.
go try the testnet flow yourself.
@BabylonLabs_io
#baby $BABY
that's crypto's biggest vc, the same one that's been early on half the projects that actually mattered, and they backed babylon specifically to build out native bitcoin collateral vaults. that's not marketing spin, that's just where smart money decided to put real capital.
here's why it matters. bitcoin's been the biggest asset in crypto for years and somehow still the hardest one to actually use in defi. every solution before this involved wrapping it, bridging it, or handing custody to someone else and hoping nothing goes wrong.
Trustless Bitcoin Vaults, TBV, is babylon's fix for that gap. your real bitcoin, not a synthetic version, gets used directly as collateral. no bridge moving it anywhere, no custodian sitting on your coins.
first product built on it is native BTC backed borrowing through Aave v4, live on public testnet right now. deposit actual bitcoin, borrow usdc or usdt on ethereum, and your keys never leave your control at any point in that process.
worth remembering too, babylon's not some team testing an idea for the first time. their bitcoin staking protocol has secured over 10b in bitcoin historically, holding around 4b right now. that's the track record backing this next product.
when the biggest vc in the space and a team with actual billions secured both point the same direction, that's usually worth paying attention to before everyone else does.
go try the testnet flow yourself.
@BabylonLabs_io
#baby $BABY