This evening I was sitting with my cousin when he asked, “Why do you spend so much time reading project docs? Most people just watch a short video and move on.” I told him that videos are great for getting started, but if I really want to understand a project, I like reading the source myself. He laughed and said, “You’re probably one of the few people who actually enjoys documentation.” Maybe he’s right.
That conversation was still on my mind while I was reading about @BabylonLabs_io I expected Trustless Bitcoin Vaults (TBV) to be another attempt at bringing Bitcoin into DeFi, but after spending time with the documentation, I realized the idea is much more straightforward. TBV is designed to let native Bitcoin be used as collateral without wrapping it, bridging it, or relying on intermediaries. The more I thought about it, the more I appreciated that the goal isn’t to change Bitcoin it’s to make it useful while keeping it native.
The first TBV use case is already live on the public testnet with Aave v4, where users can use native BTC as collateral to borrow supported assets like USDC and USDT on Ethereum. Babylon is also inviting the community to try the testnet and submit feedback to help improve the experience. I always enjoy campaigns that leave me with a better understanding than I had before I started reading, and this was one of them. Have you explored the TBV public testnet yet? @BabylonLabs_io $BABY #baby