Experiment started. First position opened on Morpho. 9000 satoshis deposited into a Bitcoin vault to borrow 1 USDC. BTC Pegin transaction: mempool.space/tx/6254f43473fd5...… ETH transaction to mint VaultBTC and borrow USDC: etherscan.io/tx/0x9435b67919d0...…

David Tse
@dntse
10-15
Two months after the launch of the trustless Bitcoin vault whitepaper, @babylonlabs_io has built a PoC that allow native BTC to be used trustlessly as collateral to borrow on Ethereum for the first time. This morning, we will live report on our first end-to-end experiments on

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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