超人不会飞2020

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.

No live stream tomorrow ❤️ When the stars shine, it looks pretty good~

If you decide to be brilliant, the mountains will not stand in your way, and the sea will not bar you.

😀 Going long!

Come chat, it pairs great with drinks—I've had two bottles of white already~

The new creator quest on the Plaza for BABY has brought in a whole new way to play! Invited users only need to participate in the creation to share a $BABY reward pool. So which big names actually received the invitations?

Back to the @BabylonLabs_io project itself—I've been keeping an eye on Babylon. For years now, while Bitcoin has been around, DeFi has basically been a sideshow: high gas fees, and an ecosystem that's far too rigid. Most serious projects that want real decentralization have gone to Ethereum; if they want speed, they head straight for Solana or BSC. The number of projects that have truly emerged on BTC is small enough to count on one hand—Babylon is one of them. I genuinely admire its trustless Bitcoin vault (TBV) mechanism. At its peak, TVL reached the official figure of 7.2 billion USD—first in Bitcoin ecosystem history. Most impressive of all: it doesn’t require wrappers, no cross-chain bridges, and no third-party custody. Bitcoin stays right on the mainnet; you hold the private keys yourself. Through remote staking, the value of BTC can permeate other chains and applications.

In the past, if you wanted to use BTC as collateral—sure. You’d lock it with an intermediary and get a WBTC bearer token. Babylon simply tears up the bearer token, letting Bitcoin-native assets participate in on-chain economics. The yield from PoS staking finally gains real, practical room to be applied directly on BTC. $BABY is the fuel for this chain. Institutional players have piles of BTC sitting in cold wallets collecting dust. Now there’s a native staking option that doesn’t require trusting third parties. Even if the annualized return is only a few percentage points, for traditional capital it’s still a legitimate fixed-income entry point.

Of course, in the end it all comes down to whether there’s real demand to support it. Can scenarios like lending, stablecoins, and restaking make native BTC usable as the underlying asset? That will determine how far this whole setup can go. The door has been opened—whether the money comes in or not, the market will vote with its feet. #baby

The Square Creator event has been revamped. It’s invite-only for a pilot program—the first one is #baby .

I looked into the rules. The biggest difference between the invite-only version and the standard version is this: in the invite-only version, the top 15 participants split 239,000 BABY tokens, while everyone else splits 1,751,000 BABY tokens. In the standard version, it’s still the same as before—only the top 300 get rewards.

But speaking of the project with @BabylonLabs_io , it’s really quite regrettable. It’s one of the few projects that managed to build DeFi on Bitcoin and actually make it work. Because Bitcoin’s gas fees are too high, there basically aren’t many DeFi projects that can succeed there. Those who value decentralization tend to go to Ethereum, and those who care about speed go to chains like Solana or BSC—so Bitcoin DeFi is mostly a false proposition. But $BABY really did come through. At its peak, it became a leading project. Using the TBV mechanism, it pulled in $7.2 billion in TVL-backed assets. In theory, it could earn $30 million a year from the 10% fee cut.

Unfortunately, the industry’s ceiling is too low. Of all BTC, only 0.8% actually participates in DeFi, so no matter how great BABY is, it’s still just a water faucet. Last year, during the peak period, most of the fee cut the project team earned was in the form of tokens, and the peak was too short for them to make much money. Now they’re basically relying on the early $96 million they raised to keep things going.

They really don’t have the financial backing, so they lack confidence. BABY fell from $0.18 at its listing in 2025 to $0.012 today—a drop of 93%. The project team isn’t putting in any money to prop up the market. If they ran a high-yield DeFi campaign, or even offered low-interest Aave V4 lending, they could still potentially pull TVL and hype back up.

Just a week—DHL is still very efficient~

⌛️Stay patient and keep waiting $BTC 5m. 🔪See you—don’t miss it~

The主播 is short-selling $BANK options—I'm in trouble, please come and help me!

So spicy, locked up spicy~ I just paid for a truck-rental service, okay! Damn it~

$OPG reward has been issued 😂 I wrote it for half a month for 60U, I don’t know what to say. The creator’s already turned it into a labor-intensive industry ～ hurry up and claim it!

Played from 6/27 to 7/20—neither winning nor losing! Is this what they call ‘playing a ball’? ⚽️