Went through all six SCRIPT categories one by one against how Trustless Bitcoin Vaults (TBV) actually workS instead of just picking one like I did before. Full picture looks like this.
Sovereignty holder keeps title until liquidation. Yes pre signed transactions mean nobody but the two parties can move the BTC. Clarity disposition rules pre committed and objective. Yes the conditions are set at vault creation nOt decided later by anyone.
Reuse Prohibited no rehypothecation Without consent. This ones harder to answer cleanly the whitepaper doesn't really address what happens if a lending protocol reuses the collBTC token Elsewhere.
Isolation depends on which structure two party is clean pooled lending is the weaker case I already Covered.
Permissionless no party can censor. Mostly yes though liquidators are whitelisted so there's a partial gap there. TransparencY every position auditable onchain. Yes the explorer covers this.
So four clean passes one genuine gap, one that's just unclear from the docs. Not a bad scorecard honestly, better than I expected going in.
@BabylonLabs_io $BABY #baby $BLESS
Sovereignty holder keeps title until liquidation. Yes pre signed transactions mean nobody but the two parties can move the BTC. Clarity disposition rules pre committed and objective. Yes the conditions are set at vault creation nOt decided later by anyone.
Reuse Prohibited no rehypothecation Without consent. This ones harder to answer cleanly the whitepaper doesn't really address what happens if a lending protocol reuses the collBTC token Elsewhere.
Isolation depends on which structure two party is clean pooled lending is the weaker case I already Covered.
Permissionless no party can censor. Mostly yes though liquidators are whitelisted so there's a partial gap there. TransparencY every position auditable onchain. Yes the explorer covers this.
So four clean passes one genuine gap, one that's just unclear from the docs. Not a bad scorecard honestly, better than I expected going in.
@BabylonLabs_io $BABY #baby $BLESS