Looking into Bitcoin, a vast untapped $1.85t TVL.
BTCFi should be a top priority.
Thus, here come @axelar x @babylonlabs_io: lighting the way into BTCFi 🧵🔽
In the very last post, I mentioned that @babylonlabs_io genesis is just the first shot to kickstart the BTCFi ecosystem.
What's the obstacle? A large TVL against a poor usage of BTC.
➜ BTC needs to appear in other places to solve the problem of usage.
Babylon Genesis Mainnet launch 🎉
"What excites me most about Babylon Genesis is creating a new foundation for blockchain infrastructure that combines Bitcoin's unmatched security with the performance and flexibility needed for modern applications."
In a recent interview at Bitcoin Renaissance with David Tse, co-founder of Babylon Protocol, he revealed how Babylon Genesis is revolutionizing Bitcoin's utility by acting as the control plane for Bitcoin Secured Networks while enabling trust-minimized liquid staking.
With $6.1B already staked (just 0.3% of all Bitcoin), this signals massive growth potential for what David calls "The perfect combination of economic security and liquidity."
👉 Watch the full interview to understand how Babylon Genesis is unlocking Bitcoin's next chapter and highlights from the BTCFi ecosystem moving forward.
@dntse
Guess who will support @babylonlabs_io with that? It's our familar name: @axelar.
Rather than EVMs, this is the first BTCFi project ever on Axelar.
Learn how does Axelar help below.
▸ Bringing BTC staking to 73+ networks
Axelar is quickly tapping into other networks' TVL through @squidrouter.
Babylon benefits from that since Squidrouter is sourcing every single network to Babylon.
For example, if you want some $BABY on Babylon:
+ Visit Squid
+ Pay native tokens from any chains
+ Receive $BABY
Sui is the next stop of Babylon.
Builders are always building in silence.
And soon all parties will come to make BTCFi to another level.
▸ What else?
Axelar Collective S2 is coming.
The collective campaign is actually a smart way to leverage both the branding of Axelar and the creators.
If you're creative and ready to work with the most emerging interoperability ecosystem, then fill out the form below.
AI Agents are coming to @axelar?
If yes, maybe we're going to see AI-integrated features like:
+ Automated routing
+ AI-assisted bridging
+ AI-assisted transaction analyzing
Axelar is now like a data vault, I guess that an AI Agent will help me mine that gold.
I put lots of effort into making this thread. If you find it useful, consider:
❯ Follow me @0xAndrewmoh for more valuable content
❯ Like and comment with your thoughts on it.
❯ Repost, then others could benefit from it too
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