Babylon Introduces Trustless Bitcoin Vaults for BTC Staking Protocol
Main Idea
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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...
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