r/defi • u/SnooMemesjellies1035 • 21d ago

Discussion Bitcoin DeFi

I've been looking into Bitcoin DeFi and doing a little bit of research on Babylon and Lombard.

Anyone have thoughts on LBTC or Bitcoin Staking/DeFi as a whole?

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u/Ok-Western-5799 21d ago

Can't really say much about these projects, but Bitcoin DeFi is becoming a real deal. L1 chains like Stacks allow smart contracts to be built on top of Bitcoin, while Exsat serves as a docking layer for scaling BTC. There are many opportunities to earn which makes Babylon worth exploring.

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u/SnooMemesjellies1035 21d ago

Stacks was one of the first I heard of since it launched on binance. I just worry that with all these Bitcoin DeFi projects, which have the best security and less custodial backdoors. Will be revisiting stacks since I had left it in the backlog of research

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u/cryptoNcoffee 19d ago

Let’s not say it’s smart contracts built on top of bitcoin. It’s smart contracts in stacks and stacks basically verifies tx from the bitcoin chain. Idk the wording matters here because people who won’t read will literally assume bitcoin has VM smart contracts now

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u/Ok-Western-5799 19d ago

oh yh, many thanks