Spent the last stretch poking around @babylonlabs_io and their concerns of Bitcoin Vaults (TBV), and it keeps pulling me back for one reason:
it doesn't ask me to give up custody of my BTC to do anything useful with it. No wrapped tokens, no bridge multisig, no synthetic IOU sitting on some L2. Just native Bitcoin posted as collateral, borrow USDC or USDT on Aave v4 against it. $DEXE
The numbers that stick with me:
Babylon's staking protocol hit around $7.2B TVL at peak in 2025, Aave v4 al...