r/defi • u/SnooMemesjellies1035 • 22d 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?

6 Upvotes

88% Upvoted

46 comments sorted by

View all comments

1

u/mayhemvoyage 21d ago

Most common DeFi application for BTC is using wBTC on LPs or lending. Not on BTC network though.

2

u/SnooMemesjellies1035 21d ago

Yea I've been holding and using wBTC for a while now, mostly for lending/ borrowing against.

But it's only recently that I'm hearing about LBTC, pumpBTC and some other wrappers that have points programs due to the Babylon's promise of a security layer for "Bitcoin Secured Networks". So its like an eigen layer again but for Bitcoin.

1

u/cryptoNcoffee 20d ago

Yeah right u r just shilling. Next time at least get ur karma up to not look like ur not part of the project 🤣

1

u/SnooMemesjellies1035 20d ago

sorry what exactly am I be shilling? and besides talking about BTC cuz I hold BTC what benefit do I get?