๐ฅ Babylon Weekly Ecosystem Highlights: Binance Square 2.39M BABY Incentive Program Is Ongoing
Babylonโs Trustless Bitcoin Vaults (TBV) are redefining BTCโs DeFi use casesโno cross-chain, no wrapping, no custody. BTC stays on the Bitcoin network end to end. New developments have been coming thick and fast over the past week:
๐ข Binance Square CreatorPad Incentive Program (Ongoing)
From July 23 to August 5, Binance Square will launch a Babylon-exclusive CreatorPad event with a total prize pool of 2,390,000 BABY, split into two leaderboardsโglobal and Chineseโeach with 1,195,000 BABY. Complete tasks to earn points and participate in the prize distributionโposting, following @BabylonLabs_io, and earning points for transactions of $10 BABY or more per order.
๐ฆ Binance Labs Officially Announces Investment in Babylon
In early July, Binance Labs announced its investment in Babylon, focusing on Bitcoin staking infrastructure that does not require traditional bridging. Babylonโs cumulative funding has exceeded **15M**. Major institutions such as Polychain Capital and Paradigm have also joined.
๐ค Ecosystem Partnerships Rolling Out
ยท GoMining: Plans to activate up to 1,000 BTC (about $82M) via TBV. Users earn Bitcoin mining rewards, with no self-custody throughout
ยท 84 Labs: Collaborating with Babylon. Plans to enable native BTC collateral on Aave v4 via TBV in the Korean market. Upbitโs Giwa deployment is also included in the plan
ยท Ledger: Integrated native TBV signing support. Over 8 million Ledger users can directly authorize vault transactions
๐ Let the Data Speak
Babylon staking vault holdings: 56,853 BTC, with TVL of approximately 0.0123 and an estimated market value of about $49.4M. TVL is 113 times the market valueโthis valuation gap is definitely worth thinking about.
๐ BTC shouldnโt be just digital goldโit should become an interest-bearing asset.
@BabylonLabs_io $BABY #baby #BTCFi #BitcoinStaking