Sure enough!!! đ€đ€Șđ„ł
Everyone who joins the âsuck the mouthâ task is going to end up droppingâI quietly counted it, and the probability of a decline reaches 95%. The maximum drop is over 50%. But that doesnât mean you can short endlessly. The chance to short comes when the price is high. When there are too many people shorting, it starts to rise. So take profit when you can.
What is #Babylon for? I was curious, so I went to check.
Many people say Babylon is really amazingâbut where exactly is it so great? Plainly speaking: it wants to let Bitcoin neither need to be sold nor be handed over to anyone else for custody, while still being able to participate in DeFi and earn money.
Before, if you wanted BTC to participate in lending and earn yield, most of the time you had to either entrust it to an exchange for custody, or use cross-chain to mint WBTCâboth approaches carry certain risks. The historical lessons from exchange failures and cross-chain bridges getting hacked are plenty.
Babylon wants to take a different approach. It plans to leverage Bitcoinâs native security by using Trustless Bitcoin Vaults (TBV) to lock BTC on the Bitcoin mainchain. No custodian is needed, and no cross-chain bridge is required. Instead, through mechanisms like cryptographic proofs and timelocks, BTC can participate in DeFi applications such as lending and stablecoins while maintaining ownership and security.
In simple terms: the BTC is still yours, your private keys are still kept by you, but the assets can generate more value.
Thatâs also Babylonâs biggest advantageâreducing trust in centralized institutions, putting the rules into code and cryptography rather than relying on a companyâs promise. Of course, TBV is still in development, and in the future it still needs to be tested by the market and time. But if it can ultimately mature and be successfully implemented, it has the potential to become an important foundational infrastructure connecting the Bitcoin and DeFi ecosystems. Thatâs also why many people are optimistic about $BABY . @BabylonLabs_io
#baby $BABY
Everyone who joins the âsuck the mouthâ task is going to end up droppingâI quietly counted it, and the probability of a decline reaches 95%. The maximum drop is over 50%. But that doesnât mean you can short endlessly. The chance to short comes when the price is high. When there are too many people shorting, it starts to rise. So take profit when you can.
What is #Babylon for? I was curious, so I went to check.
Many people say Babylon is really amazingâbut where exactly is it so great? Plainly speaking: it wants to let Bitcoin neither need to be sold nor be handed over to anyone else for custody, while still being able to participate in DeFi and earn money.
Before, if you wanted BTC to participate in lending and earn yield, most of the time you had to either entrust it to an exchange for custody, or use cross-chain to mint WBTCâboth approaches carry certain risks. The historical lessons from exchange failures and cross-chain bridges getting hacked are plenty.
Babylon wants to take a different approach. It plans to leverage Bitcoinâs native security by using Trustless Bitcoin Vaults (TBV) to lock BTC on the Bitcoin mainchain. No custodian is needed, and no cross-chain bridge is required. Instead, through mechanisms like cryptographic proofs and timelocks, BTC can participate in DeFi applications such as lending and stablecoins while maintaining ownership and security.
In simple terms: the BTC is still yours, your private keys are still kept by you, but the assets can generate more value.
Thatâs also Babylonâs biggest advantageâreducing trust in centralized institutions, putting the rules into code and cryptography rather than relying on a companyâs promise. Of course, TBV is still in development, and in the future it still needs to be tested by the market and time. But if it can ultimately mature and be successfully implemented, it has the potential to become an important foundational infrastructure connecting the Bitcoin and DeFi ecosystems. Thatâs also why many people are optimistic about $BABY . @BabylonLabs_io
#baby $BABY