Bitcoin is finally becoming productive. Babylon just opened the door to $10B worth of BTC to enter DeFi natively through its Trustless Bitcoin Vaults. No bridges. No wrappers. No custodians. DeFi protocols across ecosystems can now tap into BTC liquidity natively, using it as collateral for new products and yield opps. It’s a big unlock for BTCfi, solving one of the ecosystem’s biggest bottlenecks: the lack of native yield. Reminder: ~70% of Bitcoin’s supply hasn’t moved in 6 months. That’s $1.6T sitting idle. The TAM is massive, especially for institutions looking to make their BTC holdings yield-bearing.
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 👇
Show original
6.52K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.