Babylon (@babylonlabs_io): Collateral is the foundation of finance.
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Collateral is the foundation of finance. @baby_fisherman's argument is simple: Bitcoin is pristine collateral. The challenge is access. Because Bitcoin is not natively programmable, a common path into DeFi still require giving native BTC to a wrapper and receiving a synthetic version in return. That may create utility, but it also introduces counterparty risk. Watch the full keynote👇 https://www.youtube.com/watch?v=WS8dtdLpcF0