Babylon's Trustless Bitcoin Vaults are an evolution of BTC-Fi, connecting $BTC to DeFi safely, transparently and at scale - unlocking global liquidity
Babylon is the first ever protocol for trustless & non-custodial Bitcoin participation in DeFi, being a liquidity AND security layer of Bitcoin DeFi
They've already activated $10B in Bitcoin and expand to activate $100B+ in $BTC for DeFi, glad to have partnered with them to bring more eyes to this
Their token $BABY (love the ticker lol) will be bridged to vault-deployed chains and used for fees, governance and provider deposits, and even have LSTs in the future.
BTC-Fi has never looked so 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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