Babylon Labs

04/01/2026

There is clear demand for BTC collateral.

On V3 Ethereum today:
WBTC: $2.9B supplied, $78.5M borrowed
cbBTC: $1.8B supplied, $18.8M borrowed
tBTC: $209.7M supplied
LBTC: $167.4M supplied

Supply keeps expanding across BTC assets, with cbBTC in particular growing in circulation and holder count across Ethereum, Base, and Arbitrum.

So the question is not whether demand exists.
The real constraint is what has kept much larger pools of BTC liquidity from entering DeFi.

For many holders, the barrier to entry is still security, custody, and risk. They want utility, but not by giving up the properties that makes Bitcoin valuable.

TBV's will unlock idle BTC capital.

03/26/2026

You might think AI makes everything easier. It also makes spoofing, automation, and attack surfaces more scalable.

On the latest The Vault Ep. 9, from explains why hardware-backed verification becomes even more important for modern finance.

03/25/2026

Trustless Bitcoin Vaults Private Alpha Testnet is live.

Alpha tests the deployment of the full TBV ecosystem in a live environment across Bitcoin Signet and Ethereum Sepolia.

Users can post BTC collateral and borrow against it through a dedicated v4 spoke. BTC stays on Bitcoin while the borrowing logic runs on Ethereum.

Several partners are already testing and contributing in this phase.

After Alpha Testnet there will be a public Beta Testnet.

03/25/2026

Software is increasingly becoming compressed and doesn't solve the security challenges presented by the agentic economy.

In the latest Vault Ep with he highlights 's unique advantages.

Watch the full Vault episode
https://youtu.be/CgkcTFdRy6o

03/25/2026

Excited to join DeFi Day Cannes on March 30 with Aave, EthCC, and therollupco.

It will be a full day of keynotes, fireside chats, panels, and live interviews with teams building at the frontier of DeFi.

Fisher will also join the panel “Aave v4 & the End of Fragmented Liquidity.”

See you in Cannes alongside Chainlink, Maplefinance, Stablecoin, X Layer and more.

RSVP:

For the 5th edition of DeFi Day, we’ve partnered with EthCC, taking over a stage at the Palais des Festivals et des Congrès in Cannes, where the conference…

03/24/2026

Ledger's Clear Signing is bigger than UX, especially from a security angle, as we explored during our latest "The Vault" with from

As more financial activity becomes automated, someone still needs to verify what is actually being authorized.

That is where Ledger fits. And for Babylon, it points to where TBVs can go in the future:
AI agents and automations using native BTC with human-verified intent via Ledger.

03/24/2026

Hold Bitcoin. Use Babylon.

03/23/2026

Wrapped BTC already proved the demand. Over $14B of WBTC and cbBTC is active on Ethereum today.

On Aave alone, WBTC has 40.8k supplied worth $2.9B, and cbBTC has 26.1k supplied worth $1.8B. Aave itself is now above $24B TVL.

So the signal is already there: BTC holders want borrowing and lending utility.

Trustless Bitcoin Vaults bring that unlock to native BTC holders on Bitcoin itself, without asking them to wrap, bridge, or leave the Bitcoin network.

Borrowing and lending against native BTC on Ethereum, directly from Bitcoin

Source: https://dune.com/21sharesresearch/wbtc

03/21/2026

This is the right framing from .

Putting BTC into wrapped systems, bridges, or discretionary custody layers is not the destination.

We’re building TBVs for the opposite approach:
BTC remains locked on Bitcoin, users keep the core self-custody model, and external protocols can verify and use that state without custodial shortcuts, on Ethereum, and starting with

Featuring

03/20/2026

New episode of The Vault goes live today at 1 pm ET with , Foundations Business
Development Director at , and

We’ll unpack the real state of BTCFi:

How Bitcoin holders think about self-custody
How Ledger sees its users evolving
What's next for Ledger
and whether BTCFi is actually reaching adoption beyond the usual narrative

03/20/2026

One of the core benefits of Trustless Bitcoin Vaults is:
no centralized party can decide whether you get your BTC back.

Redemption (peg-out / “redeem vault”) starts when the BTC vault record is deleted on the supported chain.

That deletion emits an event: “this BTC vault should now be redeemed on Bitcoin.”

Then:
• the relevant actor (could be the borrower in the happy path, or other actors depending on the situation) generates a zero-knowledge proof that the redemption event happened
• that proof gets posted on Bitcoin
• the system is challenge based: there is a defined challenge window

If nobody successfully challenges the proof, BTC unlocks according to the rules.

This is the core upgrade vs wrapped BTC:
--> with wrapped assets, redemption depends on an issuer.
--> with TBVs, redemption depends on cryptographic rules + a challenge process.