Techno BNB
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Techno BNB
Square Verified+Content Creator | Researcher | Strategy Architect 🌟
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Wrapped Bitcoin is not Bitcoin.
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.
Which describes you?
@BabylonLabs_io
$BABY
#baby
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.
Which describes you?
@BabylonLabs_io
$BABY
#baby
I use wrapped BTC, no issues
Wrapped BTC user, worried
Waiting for native BTC
I don't use BTC in DeFi
17 hr(s) left
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