Fisher Yu
Fisher Yu
BTC-0.87%
BABY+1.07%
My take of Babylon's Thesis: BTCFi is the next engine of crypto economy. Convincing BTC to work is the key to BTCFi. "SAFE yield" is the one single requirement that every BTC holder requested me, from retailers to sovereign funds. This requires solving many hard problems, all the way down to hardcore cryptography and consensus problems, coupled with BTC scripting. This is @dntse and my home turf. We crack the hardest nuts, and implement the SAFE innovations on the Babylon Genesis chain. This way, other projects can build on top of it and create yields. Innovations create value. BABY stakers, as the owner of Babylon Genesis, captures a share of the value created. For example, with BTC staking, once Phase-3 is launched (working 24*7 on it!), we will enable the base yield generation layer for BTCFi, where: - BSNs (Bitcoin supercharged networks) will enjoy Bitcoin security, and could have access to Bitcoin liquidity abd users to grow their business. - Bitcoin holders can earn multiple streams of staking rewards from the BSNs Using one bitcoin - Developers can leverage the bitcoin and BSN rewards for their DeFi products - BABY staker can earn a shared of the BSN rewards, and also enjoy the growth of on-chain activities. What is the next nut to crack? A safe Bitcoin liquidity layer, in the form of synthetic Bitcoin or Bitcoin collateral, and yield-bearing through staking. Keep cracking, keep building. We are creating the gravity center of BTCFi ! (this is a repost. Somehow my original one got deleted.)
Babylon
Babylon
What if your BTC could finally earn rewards without leaving the comfort of your wallet? And what if you could stack multiple reward streams just by staking BTC (or $BABY)? That world is coming fast. It’s called BTCFi, and Babylon Genesis is building it. (and psst… you’re REALLY going to want to check tweet 7 👀).
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