read through babylon's own numbers today instead of listening to random takes on it
their bitcoin staking protocol has secured over 10 billion dollars in bitcoin historically, and right now it's still holding around 4 billion. that's not a small experiment, that's one of the biggest bitcoin-native protocols that exists.
now they're building on that same foundation with Trustless Bitcoin Vaults, TBV. the whole idea is simple once you actually sit with it. your real bitcoin, the actual coin, gets used as collateral directly. not a wrapped version pretending to be bitcoin, not something bridged to another chain, just your bitcoin doing something useful while staying exactly where it is.
no third party holding your keys at any point. no synthetic token standing in for the real asset. that's the part most bitcoin defi attempts get wrong, they quietly ask you to trust someone else somewhere in the process and this one just doesn't have that step.
it's live on public testnet right now, so you can actually go try depositing and borrowing today instead of reading about a future version of it. self custodial the entire way through, exactly as advertised.
five years into this project and babylon's still shipping things that solve the same core problem, bitcoin sitting idle when it could actually be working. this is just the next step in that.
go test it yourself before it's the thing everyone's already talking about.
@BabylonLabs_io
#baby $BABY
their bitcoin staking protocol has secured over 10 billion dollars in bitcoin historically, and right now it's still holding around 4 billion. that's not a small experiment, that's one of the biggest bitcoin-native protocols that exists.
now they're building on that same foundation with Trustless Bitcoin Vaults, TBV. the whole idea is simple once you actually sit with it. your real bitcoin, the actual coin, gets used as collateral directly. not a wrapped version pretending to be bitcoin, not something bridged to another chain, just your bitcoin doing something useful while staying exactly where it is.
no third party holding your keys at any point. no synthetic token standing in for the real asset. that's the part most bitcoin defi attempts get wrong, they quietly ask you to trust someone else somewhere in the process and this one just doesn't have that step.
it's live on public testnet right now, so you can actually go try depositing and borrowing today instead of reading about a future version of it. self custodial the entire way through, exactly as advertised.
five years into this project and babylon's still shipping things that solve the same core problem, bitcoin sitting idle when it could actually be working. this is just the next step in that.
go test it yourself before it's the thing everyone's already talking about.
@BabylonLabs_io
#baby $BABY