#baby $BABY I assumed that because Bitcoin is the best collateral in crypto, DeFi would naturally build around it.
TBH this Babylon CreatorPad made me realize I had the whole BTCFi idea backwards Just because BTC was first, it was built having totally different priorities in mind, while lending, borrowing and yield in crypto were not even a thing.
So over the years various projects tackled this problem only to face some of the trade offs that Bitcoiners don't accept that easily. They tried wrapping it, bridging it, putting someone else in charge... but none of it feels just like native BTC.
So having this in mind
@BabylonLabs_io flipped the question.
They put it backwards, or as I call it... reverse problem solving.
Dont move Bitcoin to DeFi.
Keep BTC on its native chain and build the infrastructure around it.
That was the moment it clicked for me
That sounds simple... until you realize Bitcoin was never designed to efficiently verify modern cryptographic proofs 😅
That's one of the trade offs behind its security
So Babylon tackled that problem too
They just published their research on
#BABE BABE focuses on making the verification of cryptographic proofs on Bitcoin dramatically cheaper. Their research describes a 1000× reduction in verification cost
Im not a technical writer, so Ill leave the cryptography to people that are into that kind of problem.
What I care about is what it means
If proving things to Bitcoin becomes dramatically cheaper, building BTCFi around native BTC suddenly becomes much more practical.
And I think that's the part many Bitcoiners, including me, never really thought about before
Now I understand better why my testnet deposit took about 3 hours, and why the withdrawal takes about 3 days...
Those aren't random waiting times.
They're part of keeping Bitcoin native instead of taking shortcuts.
$BABY