Oh, @babylonlabs_io just unveiled a new chapter of their journey – Trustless Bitcoin Vaults.
They let native BTC interact with any DeFi protocol, on any chain, without wrapping, bridges, or custodians.
• Scale: Over 90,000 BTC ($10B+) already activated via Babylon’s trustless staking – rivaling custodial giants like cbBTC.
• Security: Built on garbled circuits and ZK proofs, allowing Bitcoin to verify external smart contract states at minimal cost.
• Liquidity: Vaults unlock Bitcoin for lending, stablecoins, and perp DEXs – safely and natively.
• Composability: Chain-agnostic design launching first on Ethereum, then expanding to Babylon Genesis and beyond.
• $BABY utility: Usage fees, governance, provider deposits – with integration-driven buyback and burn potential.
Sounds promising!
Big things are happening at Babylon!
After activating $10B in Bitcoin through our flagship Trustless Bitcoin Staking Protocol, Babylon is now entering its next phase, unlocking Bitcoin liquidity for DeFi, trustlessly and non-custodially, following the proven multichain strategies of Chainlink and Tether.
Let's deep dive into what this means and what's next for Babylon 👇
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