A guy in the group was still complaining yesterday. He said he had a few BTC in hand and wanted to put them into DeFi to earn some yield, but after researching for a while, he ultimately chickened out. Why? Either you have to convert to WBTC—send the coins to a custodian, and get back a promissory note to play with; or there are all sorts of cross-chain bridges—just looking at the audit reports is enough to make your head spin. He said, “I just want to earn some interest, not hand over my prized possession.”
I totally relate to that. #baby
So once @BabylonLabs_io showed up, the discussion in the group exploded. The whitepaper was pored over again and again, and even trading volume moved along with it. At the end of the day, it’s because it untied the trust deadlock above. This Trustless Vault (TBV) setup keeps users’ BTC on the Bitcoin network throughout, using BitVM3 and zero-knowledge proofs to verify status. No wrapping, no custody—native BTC directly participates in DeFi scenarios like lending, stablecoins, and perpetual contracts. It’s something people previously wouldn’t even dare to imagine.
Before, there was only one path for BTC DeFi: hand it to a custodian, get a WBTC receipt in return. The blow-ups in 2022 are still fresh in people’s minds. In DeFi, the most dangerous thing is often not the code, but the people you think are “safe.” TBV’s approach is completely different: a cryptography-controlled UTXO vault keeps assets on-chain in Bitcoin. The protocol verifies the collateral status; the application layer handles execution. With everything separated into three layers, if any one layer fails, it can’t drag the other two down.
In short, it’s replacing trust in humans with trust in cryptography and in Bitcoin itself. Assets worth trillions don’t have to be handed over to anyone to get work done in DeFi—the narrative is definitely big enough.
That said, as I look at the current cooperation progress, I’m deliberately paying less attention to those logo-wall marketing posts and focusing on which steps actually get implemented in the announcements. Over the past six months, there has been a lot of integration—from wallets to native BTC collateral toward Aave. TBV is moving toward productization. But words like “support,” “explore,” and “plan” suggest it’s still in progress. That doesn’t mean users are already using it at scale, and it doesn’t mean $BABY has stable value capture yet.
At present, the more明确 purpose of $BABY is still Gas, governance, and security staking in Babylon Genesis. Whether TBV can bring vault fees and infrastructure revenue later depends on real business data.
There are people experimenting with proof-of-cooperation directions, but a product’s value ultimately has to be proven by usage data. Only when TBV moves from planned integration to real paid usage will its relationship with #baby really be firmly locked in.
I totally relate to that. #baby
So once @BabylonLabs_io showed up, the discussion in the group exploded. The whitepaper was pored over again and again, and even trading volume moved along with it. At the end of the day, it’s because it untied the trust deadlock above. This Trustless Vault (TBV) setup keeps users’ BTC on the Bitcoin network throughout, using BitVM3 and zero-knowledge proofs to verify status. No wrapping, no custody—native BTC directly participates in DeFi scenarios like lending, stablecoins, and perpetual contracts. It’s something people previously wouldn’t even dare to imagine.
Before, there was only one path for BTC DeFi: hand it to a custodian, get a WBTC receipt in return. The blow-ups in 2022 are still fresh in people’s minds. In DeFi, the most dangerous thing is often not the code, but the people you think are “safe.” TBV’s approach is completely different: a cryptography-controlled UTXO vault keeps assets on-chain in Bitcoin. The protocol verifies the collateral status; the application layer handles execution. With everything separated into three layers, if any one layer fails, it can’t drag the other two down.
In short, it’s replacing trust in humans with trust in cryptography and in Bitcoin itself. Assets worth trillions don’t have to be handed over to anyone to get work done in DeFi—the narrative is definitely big enough.
That said, as I look at the current cooperation progress, I’m deliberately paying less attention to those logo-wall marketing posts and focusing on which steps actually get implemented in the announcements. Over the past six months, there has been a lot of integration—from wallets to native BTC collateral toward Aave. TBV is moving toward productization. But words like “support,” “explore,” and “plan” suggest it’s still in progress. That doesn’t mean users are already using it at scale, and it doesn’t mean $BABY has stable value capture yet.
At present, the more明确 purpose of $BABY is still Gas, governance, and security staking in Babylon Genesis. Whether TBV can bring vault fees and infrastructure revenue later depends on real business data.
There are people experimenting with proof-of-cooperation directions, but a product’s value ultimately has to be proven by usage data. Only when TBV moves from planned integration to real paid usage will its relationship with #baby really be firmly locked in.