Deposit BTC into a bridge. They mint a token on another chain. That token tracks the price. Not the asset. Your Bitcoin sits in a wallet controlled by signers you cannot name. Your collateral is an IOU wrapped in smart contract risk and bridge risk and custodian risk.
You did not lend your Bitcoin.
You lent your trust.
Wrapped BTC was the only option for years. Lending protocols accepted it. Stablecoin mints accepted it. Derivatives platforms accepted it. Every use case required the same sacrifice. Move Bitcoin off its native chain. Hand it to intermediaries. Hope the bridge does not break.
Hope the custodian does not freeze. Hope the contract does not get drained. Three layers of hope where there should be none.
Babylon built Trustless Bitcoin Vaults (TBV) to remove that. TBV lets native Bitcoin stay on the Bitcoin network and still serve as collateral on other chains. No wrapping. No bridging. No handing your keys to a multisig you did not choose. Your BTC stays in your custody.
The collateral is native. The borrowing happens on Ethereum through Aave v4. The connection is trustless, not custodial.
The first use case is live on public testnet. Deposit native BTC as collateral. Borrow USDC or USDT. Self-custodial. Your keys. Your Bitcoin. No intermediaries. This is not a future roadmap. This is a testnet you can use today.
I checked the flow. The Bitcoin stays on Bitcoin. The borrowing happens on Ethereum. The vault is trustless. The rates are DeFi borrow rates. The capital efficiency is real because the collateral is real, not a synthetic representation managed by a bridge operator.
Wrapped BTC was a bridge. TBV is a vault. One moves your asset and hopes it arrives. The other leaves your asset where it is and unlocks its value without moving it. Native BTC does not require trust.
The “Junma” token issuance is 21 million units, of which 12.8 million have already been destroyed. Every minute, an automated buyback and burn mechanism is triggered. As the remaining supply keeps getting scarcer,
First target: 1 oil Second target: 10 oil
Top one address: Burn 12.92 million Top address: Ecosystem staking 2.63 million Third-place address: LP pool 710,000 Fourth-place address: Studio support 310,000 $SOL $DOGE
Junma symbolizes
Forward with no hesitation, escalating all the way Aligned with the needs of value growth in digital currencies and fast circulation ✨💫✨ #比特币ETF资产规模达809亿美元
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It’s better to miss out on nine vague opportunities than to risk it on one uncontrolled over-allocation.
Every day the market sends countless bullish signals, but among them are many traps made of random fluctuations and bait to lure longs or shorts.
Entering the market too frequently only quietly erodes your principal through trading fees—and gradually makes your trading mindset impatient and restless.
It’s better to hold your “ammo” firmly in your hand, watch others profit from gains you don’t understand, and never easily take your principal to take risks.
True trading masters are skilled hunters; they only make a decisive move when the market structure fully meets the ambush conditions.
Hold the line on your principal, carefully select the highest-quality entry structure—that’s the iron rule for making your account grow steadily and double up in the crypto world.
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