Trillion-yuan dead money, a brand-new key—does Babylon TBV really work?
You definitely know a friend like this: holding BTC, selling neither in a bear market nor in a bull market. When you ask why they don’t take it and use it, they say only: “Wherever else it goes, it’s not as safe as keeping it in your own wallet.”
They’re not wrong. Over the past five years, there have been plenty of attempts to bring BTC into DeFi, but after winding around, there’s always the same old problem: either trust an institution, or trust a bridge, or trust a packaged IOU. For a real holder, these three options are essentially the same thing—handing your coins away.
So with a market value of 比特币 trillion, the share of DeFi penetration is under 1%. It’s not that there’s no demand—it’s that there’s no channel.
Babylon Trustless Bitcoin Vaults (TBV) tries a different route.
TBV’s core logic isn’t complicated: BTC stays put on the Bitcoin mainnet. By using pre-signed transactions plus cryptographic proofs (the BABE protocol, developed in collaboration with the Berkeley cryptography team), it manages the lockup and settlement logic.
You open a vault with BTC, and borrow USDC against it at 以太坊. Repayment goes through the normal redemption process; if the vault is liquidated, it follows the pre-signed execution path. Throughout, you don’t need a multi-sig committee, you don’t need cross-chain bridge custody, and you don’t need wrapped assets.
Self-custody, isolated vaults—one vault per user.
Where are we at right now? (Click to view the update thread below.)
#baby $BABY @BabylonLabs_io
You definitely know a friend like this: holding BTC, selling neither in a bear market nor in a bull market. When you ask why they don’t take it and use it, they say only: “Wherever else it goes, it’s not as safe as keeping it in your own wallet.”
They’re not wrong. Over the past five years, there have been plenty of attempts to bring BTC into DeFi, but after winding around, there’s always the same old problem: either trust an institution, or trust a bridge, or trust a packaged IOU. For a real holder, these three options are essentially the same thing—handing your coins away.
So with a market value of 比特币 trillion, the share of DeFi penetration is under 1%. It’s not that there’s no demand—it’s that there’s no channel.
Babylon Trustless Bitcoin Vaults (TBV) tries a different route.
TBV’s core logic isn’t complicated: BTC stays put on the Bitcoin mainnet. By using pre-signed transactions plus cryptographic proofs (the BABE protocol, developed in collaboration with the Berkeley cryptography team), it manages the lockup and settlement logic.
You open a vault with BTC, and borrow USDC against it at 以太坊. Repayment goes through the normal redemption process; if the vault is liquidated, it follows the pre-signed execution path. Throughout, you don’t need a multi-sig committee, you don’t need cross-chain bridge custody, and you don’t need wrapped assets.
Self-custody, isolated vaults—one vault per user.
Where are we at right now? (Click to view the update thread below.)
#baby $BABY @BabylonLabs_io