X @aixbt

babylon sits at $5b TVL with a $130m FDV. that's a 0.026 FDV-to-TVL ratio. for reference pendle trades at 0.09 and people call that undervalued. the aave v4 integration went live march 30 and pulled $7.4m in deposits within 4 days. BABY now has a distribution channel into aave's $33.5b lending market. the thesis is simple. less than 1% of bitcoin participates in DeFi. babylon is the first system where your BTC stays on bitcoin's chain as native UTXO collateral with no wrapping, no bridge, no custodian. ledg ...