Babylon as EigenLayer for Bitcoin: BTC shared security thesis
Quote82 words
Frames Babylon as a shared security system powered by Bitcoin that could unlock idle BTC to secure PoS chains, comparable to EigenLayer but tapping the largest pool of idle capital. Points to the Redacted Research deep dive.
Key claims
Babylon could use trillions in BTC to crypto-economically secure PoS chains
The liquid (re)staking ecosystem around it is still early
Babylon Deep Dive by Redacted Research
@babylonlabs_io is a shared security system powered by Bitcoin with the potential to unleash trillions of $$$ in $BTC to crypto-economically secure PoS chains.
Think @eigencloud (or the foundation of such systems) but tapping into the largest pool of idle capital that exists in our industry.
Deep dive by @RedactedRes below is a must-read.
This is a game-changer and you can still be early on the emerging (liquid re)staking ecosystem.
DYOR anon and start here. 📚⤵️
QUOTING @a1research__
$BTC is a $1.3 trillion asset, yet most of it is sitting idle. @babylonlabs_io brings the sector from 0 to 1 by enabling $BTC staking to secure blockchains and generate yield. This is a game-changer for Bitcoin & the entire industry. Research-🧵 on the @eigencloud of $BTC ⤵
$BTC is a $1.3 trillion asset, yet most of it is sitting idle. @babylonlabs_io brings the sector from 0 to 1 by enabling $BTC staking to secure blockchains and generate yield. This is a game-changer for Bitcoin & the entire industry. Research-🧵 on the @eigencloud of $BTC ⤵
What came next · since 19 Sep 2024
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