“Babylon Labs” breaks the barriers … Bitcoin cabinets to integrate the currency into the world of decentralized financing

Babylon Labs, which specializes in the infrastructure of the chains of blocks, has unveiled unreliable bitcoin vaus, in a qualitative step aimed at integrating the bitcoin in the Defi financing system, without the need for brokers or external remittances.

The company, which was founded by researchers from Stanford University, announced the new innovation on the sixth of August via the “X” platform (X), confirming that this technology allows the use of original Bitcoin in decentralized financing applications such as lending, stable currencies, permanent contracts, and liquid storage, without the need for coated symbols (WRAPDED) Tokens) or bridges between networks or tutelage.

Editing the seized capital

Market data indicates that less than 1% of the market value of bitcoin amounting to $ 2.28 trillion is currently used in decentralized financing, and Babelon seeks to liberalize this seized capital, and enable bitcoin to enter decentralized economies in a safe-dependent self-custody in a Self-Custody.

The new cabinets work by encrypting the UTXOS outputs using advanced encryption techniques, as users are required to provide zero-knowledge proofs to access or recover money, a technology that allows proof of smart contract conditions without revealing any secret information.

Integration through multiple chains without leaving the Bitcoin network

Betvm3, Betvm, depends on BitVM3, which is a bitcoin -based system that uses zero knowledge and confused circuits (Garbled Circuits), ensuring that bitcoin remains within its original network, with the possibility of using it as a guarantee on other networks such as Ethereum, Cosmos, and others.

In the event of a decrease in the value of the guarantee, the metal can claim it by providing correct encryption proofs, without the need for brokers or third parties.

Direct connection to the storage protocol of $ 5 billion

The new cabinets are directly associated with Bitcoin storage protocol launched by Babylon in August 2024, which is valued at $ 5 billion, and allows users to earn bonuses such as Baby codes, without giving up controlling their digital currencies.

The company’s road map includes plans to integrate the virtual Ethereum machine network (EVM), activating multiple storage, and creating a liquidity layer through multiple chains by early 2026, as part of a vision to convert bitcoin into a productive origin, without prejudice to its basic principles in decentralization and self -guardian.