Tag: teams

  • BTC staking platform Babylon teams up with Aave for Bitcoin-backed DeFi insurance

    BTC staking platform Babylon teams up with Aave for Bitcoin-backed DeFi insurance

    Babylon teams up with Aave for Bitcoin-backed DeFi insurance

    • Babylon and Aave partner to enable native BTC as collateral for DeFi lending.
    • BTC can now back decentralised insurance pools, earning yield if unused.
    • Users retain full control of their Bitcoin while accessing DeFi liquidity.

    In a groundbreaking move for the decentralised finance (DeFi) ecosystem, Bitcoin staking platform Babylon has announced a partnership with Aave, one of the largest decentralised lending protocols.

    The collaboration aims to allow Bitcoin (BTC) holders to use their native, unwrapped BTC as collateral for lending and to participate in a pioneering DeFi insurance model.

    This will reshape how Bitcoin interacts with DeFi, unlocking liquidity while maintaining the security that Bitcoin users expect.

    Native Bitcoin collateral comes to DeFi

    Traditionally, using Bitcoin in DeFi required wrapping it into a tokenised version such as WBTC, which introduced custodial risk and extra steps. Babylon’s partnership with Aave eliminates this barrier by enabling users to deposit their native BTC directly as collateral.

    Through Babylon’s trustless Bitcoin Vaults, BTC can be locked in a time-locked contract on its own blockchain and recognised by Aave’s hub-and-spoke lending architecture.

    This allows users to borrow stablecoins or other crypto assets while keeping full control of their Bitcoin keys.

    The move is expected to significantly expand BTC liquidity in DeFi. Currently, even the largest wrapped Bitcoin initiatives account for less than 1% of Bitcoin’s total market cap.

    Babylon’s own staking product secures over 56,000 BTC, demonstrating strong demand for productive uses of Bitcoin.

    By unlocking native BTC for lending, the partnership could bring a substantial portion of the dormant Bitcoin supply into productive DeFi applications, potentially transforming lending markets.

    DeFi insurance backed by Bitcoin

    Beyond lending, Babylon is preparing to extend its vaults into the insurance sector, a development that could redefine how DeFi protocols manage risk.

    The proposed model allows BTC holders to deposit their Bitcoin into decentralised insurance pools.

    These pools would serve as coverage against protocol hacks and other failures. Depositors earn yield if no claims occur, while the pool provides liquidity for payouts in the event of a validated exploit.

    This approach turns Bitcoin into a foundational asset for DeFi risk management, offering a new avenue for yield generation while safeguarding the ecosystem.

    Babylon co-founder David Tse told CoinDesk that the insurance initiative is still in development, with an official announcement expected in January 2026.

    Testing for the integrated BTC lending and insurance products is scheduled to begin in early 2026, with a broader rollout planned around April of the same year.

    The combination of Babylon’s secure vault design and Aave’s extensive liquidity network creates a framework that prioritises both safety and usability, a balance often missing in cross-chain and custodial solutions.

    Transforming Bitcoin’s role in DeFi

    This partnership addresses longstanding challenges in Bitcoin DeFi adoption.

    By removing the need for wrapped assets and custodial intermediaries, it reduces systemic risk while enabling Bitcoin holders to put their capital to work more efficiently.

    Users can participate in lending and insurance activities without relinquishing control of their Bitcoin, aligning with the core principles of security and decentralisation that have long defined the Bitcoin network.

    Experts in the space view this collaboration as a potential catalyst for broader adoption of BTC in decentralised applications.

    Unlocking even a small fraction of Bitcoin’s supply for lending and insurance could significantly deepen liquidity and reshape market dynamics.

    For the average user, it translates into safer, more streamlined, and more productive ways to generate yield from their holdings.

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  • Giddy Smart Wallet teams up with Stripe for seamless crypto purchases

    Giddy Smart Wallet teams up with Stripe for seamless crypto purchases

    • Giddy and Stripe integration offers users a fast and reliable crypto gateway with support for various payment methods.
    • Giddy also expands its groundbreaking multi-factor private key solution to include native support for the Bitcoin network.
    • Giddy’s mobile app is available on both the App Store and Google Play.

    Giddy, the self-custody smart wallet championing decentralized finance, has joined forces with leading payment provider Stripe to streamline cryptocurrency purchases. This collaboration marks a major leap in making cryptocurrencies more accessible to the public.

    Let’s delve into the details of how Giddy’s integration with Stripe and its native Bitcoin support are set to redefine the crypto landscape.

    Effortless crypto transactions for Giddy users

    The innovative smart wallet Giddy integration with Stripe, a renowned payment provider, enables Giddy users to purchase cryptocurrencies directly from the mobile app with unparalleled ease. By selecting Stripe as the crypto purchase option, users gain access to a seamless experience that supports various payment methods, including bank transfers, cards, and Apple Pay®.

    This integration addresses the longstanding complexity associated with buying self-custody crypto. According to Giddy CEO Eric Parker, Stripe’s reliability and efficiency make it one of the best ways to enter the crypto market. The fast and user-friendly nature of Stripe provides an optimal solution for both new and experienced users to engage with cryptocurrencies at the pace of dynamic markets.

    Blockchains supported by Giddy

    Besides integrating Stripe, Giddy is introducing native support for the Bitcoin network, adding to its existing support for Ethereum, Arbitrum, and Polygon networks. Giddy’s multi-factor private key solution, a cornerstone of its security features, now extends to the world’s most popular cryptocurrency.

    The multi-factor private key solution approach involves separating a user’s private key into multiple encrypted shares, linked to hardware and software controlled solely by the user.

    In addition, the unique security measures implemented by Giddy ensure that even if one share of the private key is compromised or lost, the wallet remains secure and recoverable. This groundbreaking security strategy not only enhances user confidence but also simplifies the crypto experience for everyday users.

    The Giddy mobile app, available on the App Store and Google Play, offers a user-friendly interface where individuals can buy, trade, send, earn, and shop using cryptocurrencies.

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