Babylon Labs says it has built a system using BitVM3 that allows native Bitcoin to be used as trustless collateral for borrowing on Ethereum, but its trustless design raises questions. A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain.In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylon built a proof-of-concept allowing for native Bitcoin (BTC) “to be used trustlessly as collateral to borrow on Ethereum for the first time.”The comments follow Babylon’s release of a white paper in early August, outlining what it calls a Bitcoin trustless vault system. The system leverages the Bitcoin smart contract verification system BitVM3 to lock BTC in per-user vaults, where withdrawals (redemption or liquidation) are gated by cryptographic proofs of external smart contract state verified on Bitcoin.Read more Babylon Labs says it has built a system using BitVM3 that allows native Bitcoin to be used as trustless collateral for borrowing on Ethereum, but its trustless design raises questions. A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain.In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylon built a proof-of-concept allowing for native Bitcoin (BTC) “to be used trustlessly as collateral to borrow on Ethereum for the first time.”The comments follow Babylon’s release of a white paper in early August, outlining what it calls a Bitcoin trustless vault system. The system leverages the Bitcoin smart contract verification system BitVM3 to lock BTC in per-user vaults, where withdrawals (redemption or liquidation) are gated by cryptographic proofs of external smart contract state verified on Bitcoin.Read more
Trustless, with caveats: Babylon’s big Bitcoin DeFi claim
Babylon Labs says it has built a system using BitVM3 that allows native Bitcoin to be used as trustless collateral for borrowing on Ethereum, but its trustless design raises questions.
A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain.
In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylon built a proof-of-concept allowing for native Bitcoin (BTC) “to be used trustlessly as collateral to borrow on Ethereum for the first time.”
The comments follow Babylon’s release of a white paper in early August, outlining what it calls a Bitcoin trustless vault system. The system leverages the Bitcoin smart contract verification system BitVM3 to lock BTC in per-user vaults, where withdrawals (redemption or liquidation) are gated by cryptographic proofs of external smart contract state verified on Bitcoin.
Read more
Markedsmulighed
DeFi-kurs(DEFI)
$0.000349
$0.000349$0.000349
USD
DeFi (DEFI) Live prisdiagram
Ansvarsfraskrivelse: Artiklerne på dette websted er hentet fra offentlige platforme og er kun til orientering. De afspejler ikke nødvendigvis MEXCs synspunkter. Alle rettigheder forbliver hos de oprindelige forfattere. Hvis du mener, at noget indhold krænker tredjeparts rettigheder, bedes du kontakte service@support.mexc.com for at få det fjernet. MEXC giver ingen garantier for indholdets nøjagtighed, fuldstændighed eller aktualitet og er ikke ansvarlig for handlinger foretaget på baggrund af de angivne oplysninger. Indholdet udgør ikke finansiel, juridisk eller anden professionel rådgivning og skal heller ikke opfattes som en anbefaling eller godkendelse fra MEXC.
Du kan måske også lide
Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details
The post Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details appeared on BitcoinEthereumNews.com. Aave CEO and founder Stani Kulechov has broken his silence on a major upgrade coming to Aave in Q4, 2025. The Aave v4 upgrade is anticipated to be one of the major events in DeFi in 2025, including features such as a Hub-and-Spoke architecture, reinvestment module and others, boosting Aave liquidity and saving gas. The upgrade will also include UX improvements and a new liquidation engine. The Reinvestment Module would help Aave earn more from unused capital, utilizing idle liquidity. On Sept. 15, the Aave founder informed the crypto community of the Aave v4 upgrade roadmap, which highlights where the project is currently at in its development. Aave CEO reacts The Aave founder commented in reaction to a tweet highlighting the features of Aave V4, “very nice overview of the Aave V4 feature,” adding that the Reinvestment Module was not part of the initial design. Very nice overview of the Aave V4 features. Interestingly, the Reinvestment Module wasn’t part of our original design a couple of years ago when we laid down the protocol architecture. It actually emerged later as an unexpected, but exciting, “last-minute” addition. The… https://t.co/Zkp3bmrCAZ — Stani.eth (@StaniKulechov) September 17, 2025 “Interestingly, the Reinvestment Module wasn’t part of our original design a couple of years ago when we laid down the protocol architecture. It actually emerged later as an unexpected, but exciting, last-minute addition,” Kulechov added. The Aave CEO explained the reinvestment feature further as one that allows the protocol to deploy pool float into low-risk, highly liquid yield strategies, creating additional efficiency for LPs. The feature is somewhat inspired by Ethena’s rebalance to USDtb but applied natively within Aave. The Aave team shared the launch roadmap for the Aave upgrade on Sept. 15, revealing a recent V4 Development Update. Source: https://u.today/aave-ceo-breaks-silence-on-game-changing-upgrade-in-q4-details
Dele
BitcoinEthereumNews2025/09/18 16:57
Australian regulators ease regulations on stablecoin intermediaries
PANews reported on September 18th that, according to Decrypt, the Australian Securities and Investments Commission (ASIC) has granted a regulatory exemption to stablecoin intermediaries, allowing them to distribute cryptocurrencies issued by licensed Australian institutions without having to hold a separate financial services license. The exemption, published Thursday, states that intermediaries distributing stablecoins issued by Australian Financial Services (AFS) licensed issuers no longer need to apply for separate AFS, market, or clearing facility licenses. This measure, effective upon registration of federal legislation, is a significant step forward in addressing Australia's regulatory challenges in the stablecoin market. Blockchain APAC CEO Steve Vallas stated that this move is a temporary transition before broader reforms and is consistent with financial services law. The exemption does not change the determination of whether stablecoins are financial products, but simply "suspends the secondary licensing requirement for distributors of licensed issuers," allowing distribution through licensed channels while maintaining issuer liability and requiring intermediaries to provide product disclosure statements to ensure transparency.
Dele
PANews2025/09/18 13:25
XRP holders hit new high, but THIS keeps pressure on price
The post XRP holders hit new high, but THIS keeps pressure on price appeared on BitcoinEthereumNews.com. Ripple [XRP] remains one of the top five cryptocurrencies
Dele
BitcoinEthereumNews2026/02/17 08:49