Babylon Unveils Trustless Bitcoin Vault Ahead of Public Testnet Launch

TLDR: Babylon plans to launch the Trustless Bitcoin Vault public testnet during the final week of May. The TBV protocol enables Bitcoin-backed DeFi borrowing without bridges or wrapped Bitcoin exposure. Babylon reduced peg-in times to nearly three hours while lowering on-chain costs by over three times. The BABY token redesign may include governance, staking access, [...]

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