Computing on Bitcoin 61 #04 - Native BTC as Collateral on Ethereum: Babylon’s New Proof of Concept

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« Newsletters «Computing on Bitcoin #61

04
Native BTC as Collateral on Ethereum: Babylon’s New Proof of Concept

David Tse, co-founder of Babylon Protocol, announced a proof-of-concept showing native BTC used trustlessly as collateral to borrow on Ethereum.

Experiment started. First position opened on Morpho. 9000 satoshis deposited into a Bitcoin vault to borrow 1 USDC.

BTC Pegin transaction: https://t.co/bjON8WBD6W
ETH transaction to mint VaultBTC and borrow USDC: https://t.co/3CFbHAaQS4 https://t.co/znFdH0S4cG pic.twitter.com/2Az5uV2hbJ
— David Tse (@dntse) October 15, 2025

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