Last night I was watching Trustless Bitcoin Vaults (TBV) for @BabylonLabs_io , and what I find most interesting isn’t simply “moving” BTC to Ethereum, but instead keeping BTC on the Bitcoin network. Through Taproot scripts and cryptographic proofs, BTC is used as collateral for Ethereum DeFi without relying on traditional bridging, wrapped assets, or third-party custody.
I think this could be an attempt to move BTCFi from a “wrapped-asset narrative” toward “native collateral infrastructure.” Of course, TBV is still running on Bitcoin Signet and Ethereum testnets for now, so the test funds have no real value. The next thing worth watching is whether native BTC can participate in DeFi scenarios like lending and borrowing with fewer trust assumptions. And as for $BABY , the native token in the Babylon ecosystem, its network governance, security, and ecosystem coordination are also worth monitoring over time.
#baby $BABY
I think this could be an attempt to move BTCFi from a “wrapped-asset narrative” toward “native collateral infrastructure.” Of course, TBV is still running on Bitcoin Signet and Ethereum testnets for now, so the test funds have no real value. The next thing worth watching is whether native BTC can participate in DeFi scenarios like lending and borrowing with fewer trust assumptions. And as for $BABY , the native token in the Babylon ecosystem, its network governance, security, and ecosystem coordination are also worth monitoring over time.
#baby $BABY