The Last Hope of Babylon BTCFi Track I flew back to Australia, and the repairs were almost done. Coincidentally, there was a slight rebound in the market, so I started writing and returning to normal work. It was mentioned a long time ago that in projects where TGE is not yet available, the one that I am particularly concerned about is @ bbn_foundation Babilon@ Monad_xyz @ SaharaLabsAI and @ nillionnetwork. The Babilon airdrop website has come out, and now it seems to be the closest to TGE. The community and friends have also participated in the hair raising early on. This time, I will organize the information I have collected. ✅ What does Babylon do? In the current era where big cakes have become the ultimate faith in the cryptocurrency industry, Babylon plans to convince cake holders that their BTC, which is a family heirloom lying in a cold wallet, can still function and earn additional profits in a safe and controllable environment. ✅ What is the significance of Babylon to the industry? With its native, trustless, and self custodial features, Babylon's Bitcoin staking protocol can provide better security for Web3 and open the door for new BTC holders to enter the Web3 world. Babylon Genesis is the first Bitcoin Secure Network (BSN) and will serve as the security and liquidity coordination control platform for subsequent BSN networks, managing the security and liquidity configuration of the entire ecosystem in a unified manner ✅ If it seems a bit awkward, to put it simply: Previously, many people bought BTC and just lay there waiting for it to appreciate without doing anything, which was a waste (over 1 trillion US dollars). Babylon has built a platform for a liquid collateral ecosystem, where your baby's BTC does not need to engage in various fancy and risky on chain operations (Wrapping, Briding, Pegging). By staking on the native BTC network, it can provide added value to the industry and earn additional profits. One thing to say is that many of BTCfi's previous attempts were still too advanced for most BTC whales. It should be noted that a considerable number of BTC fundamentalists reject various fancy concepts and operations, otherwise they wouldn't have been able to hold on for so long. And Babylon has accumulated the strongest consensus in the current BTC race in order to be able to pull out more BTC. If this cannot be achieved, it is highly likely that this cycle's BTCfi will also be like this. ✅ How big is this game? @Polychain @ paradigm @ hack-vc @ yzilabs (formerly Binance Labs) and other top cryptocurrency VCs Three rounds of financing raised $96 million, with the final round valued at $800 million Bitcoin TVL has exceeded 5.4 billion US dollars Although looking solely at the VC lineup and financing amount can no longer be used as a basis for judging second tier performance, looking at the performance of the reigning aircraft carrier EIGEN on Ethereum, it is still better than most of its competitors on the reigning track. This is the foundation of consensus. Logically speaking, the institutions betting on the BTCfi track, project teams, and CEX, Babylon is the most important winner of this cycle. If it can be stir fried, the chickens and dogs will ascend to heaven, but if it cannot be stir fried, everyone will collapse. You should know that currently, apart from the debut of SOLV, most other BTCfi project developers are still waiting for the right opportunity. 👏 At present, @ babylonlabs_io seems to be doing fairly well from a market perspective, especially after the previously bizarre airdrop rule was strongly opposed by the community and persuaded to be modified to include rewards for holding NFTs and staking, which has won back many people's hearts. 💰 In terms of CEX, due to Binance's investment and deep cooperation in Binance Wallet, it is highly likely that Binance can be listed in the first place. OKX and South Korea estimate that there will not be any problems, but Coinbase is difficult to say. ✅ To summarize: Previously, after listening to my advice, there was a high probability that participating in direct staking would yield a minimum guarantee income. Airdropping large amounts of meat may not be easy, but at least it would still be pig's foot rice. There are also opportunities to earn coins through staking in the future. As for whether the second level will be implemented or not, we will write a statement after more information is available.