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Babylon has recently attracted a lot of attention, with the core innovation focusing on how to unlock the productivity of BTC through a trustless Bitcoin vault mechanism. The logic of this scheme is to allow Bitcoin holders to participate in a broader DeFi ecosystem without relinquishing control of their private keys.
How does it work specifically? In simple terms, it involves designing a specific protocol that enables BTC to generate on-chain yields while maintaining security. This is quite attractive to many users who want to hold their coins but not miss out on earning opportunities.
There will be an in-depth discussion this Friday at 8 PM (Beijing Time), mainly explaining the details of this mechanism and its practical application scenarios. Friends interested in the Bitcoin ecosystem can take a look to see if this scheme can truly activate dormant BTC assets.