Babylon
@babylonlabs_io
Trustless Infrastructure for Native Bitcoin Collateral.
252 Following 429.4K Followers
Cheers to 8 years of @bitget !
Wishing you continued success and new heights. 🌟
#BitgetTurns8#
One month into Public Testnet, native Bitcoin-backed borrowing with @aave v4 continues to gain traction.
📈 4.4 sBTC TVL
🏦 247 active vaults
⚡ 0.52 sBTC liquidated
🗂️ 1.87K total vaults created
Track live vault activity and network metrics on the default TBV explorer from @xangle_official.
Try out testnet and give us feedback:
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Ready to close your position and redeem your native bitcoin:native on Public Testnet?
In this video @VladDegen explains how to repay borrowed assets, withdraw collateral, and redeem native Bitcoin.
🎥 Watch the testnet guide
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🌟"Babylon exports the most valuable aspect of Bitcoin which is its security and decentralization to other PoS chains and blockchain ecosystems.
Connecting the altcoin world and the bitcoin world is the most unique and significant innovation that Babylon brings."
- Ryan Fang, @ryanfang95 of @tomo_social & @ankr at Bitcoin Renaissance, #ETHDenver2024#.
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