Babylon Introduces Trustless Bitcoin Vaults for BTC Staking Protocol
Main Idea
The browser verification process was unsuccessful.
Key Points
1. Browser verification failed.
Description
Bitcoin (BTC) project Babylon took another step toward offering a decentralized finance (DeFi) experience on its $5 billion staking protocol akin to that seen elsewhere in the crypto world. The latest development is the introduction of trustless vaults, designed to allow BTC holders to deposit their tokens without relying on a centralized entity, as outlined in a new white paper shared with CoinDesk on Wednesday. In DeFi ecosystems, trustless vaults are a form of digital asset storage or managem...
$BTC
$116546.2
+1.21%
Latest News
- Crypto for Advisors: The Hidden Mechanics Behind This Crypto Rally2025-08-07 15:26:40
- ProShares Debuts 'Ultra CRCL' ETF, Letting Traders Double Down on Circle Stock2025-08-07 14:40:50
- Ripple to Buy Stablecoin Payments Firm Rail for $200M to Boost RLUSD2025-08-07 14:01:41
- Decentralized Finance and Tokenization Growth Still Disappoints: JPMorgan2025-08-07 13:59:06
- Chainlink Launches LINK Reserve to Fuel Network Growth2025-08-07 13:48:05