

petit vélo
1.3K posts









I just got a funny thought: Bitcoin is currently an RWA. because in most cases, to work with it on-chain you need to trust someone to mint a wrapped Bitcoin for you, and also trust this counterparty to give you the native BTC when you redeem ... End of Sunday mumbo jumbo, back to making Bitcoin a proper working crypto asset, trustlessly and non-custodial.







Babylon BTC staking on Binance On-Chain Yields is live with up to ~2.5% APR in BABY rewards! If you’ve been waiting for a simple, one-click way to earn Trustless Bitcoin staking rewards… this is it. Promotion runs Dec 3 → Jan 2 (UTC). Let’s break it down 👇







Today's mainnet experiments demonstrate for the first time feasibility of trustless BTC-backed lending on ETH. This is enabled by the integration of multiple technologies: - BTC script design of the vault to avoid trust assumptions of bridges. - Garbled-circuit based off-chain ZK verification to reduce on-chain fees by more than two orders of magnitude from BitVM2 - ZK-VM based Ethereum light client to verify Ethereum L1 state - smart contract integration with the Morpho lending protocol on Ethereum This would not have been possible without deep collaborations with multiple teams: - @MorphoLabs - @SuccinctLabs - BitVM Alliance and @robin_linus (and a shout out to @jeremerubin for inspiring us all to go down the garbled circuit route!) Finally, kudos to the @babylonlabs_io R&D team who worked day and night to turn trustless vaults from a dream to a reality in two months. Thank you!

