Jun 12
Babylon secures $5B in staked Bitcoin, partners with Aave for BTC lending
➤ Babylon has secured over $5 billion in staked Bitcoin and partnered with Aave to enable trustless BTC lending through its Trustless Bitcoin Vaults (TBVs). ➤ This integration allows users to stake BTC natively on the Bitcoin network, use it as collateral in Aave's lending markets without wrapping or giving up custody, and earn yield. ➤ The platform's significant Total Value Locked (TVL) relative to its token market cap presents an unusual valuation gap, while the non-custodial, on-chain approach offers a distinct advantage in the growing BTCFi landscape.