I understand the use process of Babylon TBV in five steps:
First, create a Vault on Bitcoin and lock the BTC;
Next, activate the corresponding collateral state on the Ethereum side;
Then, borrow test assets through the integrated Aave v4 market;
After repaying the debt, request an exit;
Finally, through the redemption process, release the BTC to the specified Bitcoin address.
The easiest part of this process to misunderstand is thinking that the BTC was “moved to Ethereum.” In reality, what the Ethereum side records is the Vault status and the collateral relationship, while the BTC remains on the Bitcoin network throughout its lifecycle.
For ordinary users, no matter how advanced the technical structure is, it ultimately comes down to a few simple questions: Where are the assets, how much is owed, when will it be liquidated, and how long after repayment can you get it back. Whether TBV can become widely adopted in the future depends largely on whether it can turn the complex cross-network process into a product that ordinary people can understand. #baby $BABY @BabylonLabs_io
First, create a Vault on Bitcoin and lock the BTC;
Next, activate the corresponding collateral state on the Ethereum side;
Then, borrow test assets through the integrated Aave v4 market;
After repaying the debt, request an exit;
Finally, through the redemption process, release the BTC to the specified Bitcoin address.
The easiest part of this process to misunderstand is thinking that the BTC was “moved to Ethereum.” In reality, what the Ethereum side records is the Vault status and the collateral relationship, while the BTC remains on the Bitcoin network throughout its lifecycle.
For ordinary users, no matter how advanced the technical structure is, it ultimately comes down to a few simple questions: Where are the assets, how much is owed, when will it be liquidated, and how long after repayment can you get it back. Whether TBV can become widely adopted in the future depends largely on whether it can turn the complex cross-network process into a product that ordinary people can understand. #baby $BABY @BabylonLabs_io
