Interesting perspective. If TBV becomes trusted infrastructure, the biggest impact may come from everything built on top of it, not borrowing alone. $NVDAB $CL.US $BABY
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O‘suvchi#baby $BABY @BabylonLabs_io Last night, My older sister Fatima and I were watching their YouTube videos to get a deeper understanding of @BabylonLabs_io 's Borrowing system. And yes, after watching their latest TBV update, something struck me.....
Listen, Naturally everyone is talking about the Borrowing Product. But what caught my eye and was more interested was what's coming after Borrowing? The team is already working on Fixed-rate Borrowing with @aegis_im. They also plan to build a Covered Call Product based on Aave's Borowing feature. And in the long run, they want to build many more services using Native BTC Collateral, such as Credit Cards, Bitcoin-backed Stablecoins and Insurance Products - pretty exciting, right?
But, this is where it gets a little weird for me. Most discussions about Bitcoin DeFi start with a question:
How can I borrow against my BTC?
But @BabylonLabs_io seems to be looking for an answer to another question:
When Native Bitcoin Collateral is available, what kind of financial system can be built on it?
And yes, and listen, this is not just talk, the team is already discussing these potential products with various builders. That is, at least at the planning stage. Of Course, none of these products have been launched yet. Successful execution, security review, governance approval and user acceptance are all important for their implementation. A complete ecosystem does not exist just by having a roadmap. I could be wrong about that. I'm not saying, jackfruit on a tree, oil on a mustache - anything like that.
However, if Native BTC Collateral proves to be reliable in reality, then Borrowing may be just the first step. The real value may not be limited to borrowing, but rather will be expressed in new financial services built on it.
I am still thinking about this.
Maybe in future, TBV's success will not be measured by how many people borrow BTC, but rather by how many everyday financial services choose Native Bitcoin as their foundation.
Something to think about, though!🤔
Listen, Naturally everyone is talking about the Borrowing Product. But what caught my eye and was more interested was what's coming after Borrowing? The team is already working on Fixed-rate Borrowing with @aegis_im. They also plan to build a Covered Call Product based on Aave's Borowing feature. And in the long run, they want to build many more services using Native BTC Collateral, such as Credit Cards, Bitcoin-backed Stablecoins and Insurance Products - pretty exciting, right?
But, this is where it gets a little weird for me. Most discussions about Bitcoin DeFi start with a question:
How can I borrow against my BTC?
But @BabylonLabs_io seems to be looking for an answer to another question:
When Native Bitcoin Collateral is available, what kind of financial system can be built on it?
And yes, and listen, this is not just talk, the team is already discussing these potential products with various builders. That is, at least at the planning stage. Of Course, none of these products have been launched yet. Successful execution, security review, governance approval and user acceptance are all important for their implementation. A complete ecosystem does not exist just by having a roadmap. I could be wrong about that. I'm not saying, jackfruit on a tree, oil on a mustache - anything like that.
However, if Native BTC Collateral proves to be reliable in reality, then Borrowing may be just the first step. The real value may not be limited to borrowing, but rather will be expressed in new financial services built on it.
I am still thinking about this.
Maybe in future, TBV's success will not be measured by how many people borrow BTC, but rather by how many everyday financial services choose Native Bitcoin as their foundation.
Something to think about, though!🤔
Ogohlantirish: Uchinchi tomon fikrlarini o‘z ichiga oladi. Binance AI hech qanday kafolat berilmagan holda qo‘llanilishi mumkin. See T&Cs.