The Babylon protocol in the Bitcoin ecosystem has announced another good news, recently completing a $15 million funding round led by well-known investment firm a16z Crypto. This funding will support its deep technical integration with DeFi lending protocol Aave in Q2, further expanding Bitcoin's application scenarios in the lending field. Currently, the Babylon team has over 40 members, with core members experienced in blockchain technology and financial protocol development. This integration plan is seen by the industry as a key step towards connecting the Bitcoin ecosystem with mainstream DeFi protocols, promising to bring more innovative financial tools and opportunities to ecosystem participants.
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AirdropSkeptic
· 01-07 17:52
a16z has stepped in, this time Babylon is really about to stir things up.
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AirdropHarvester
· 01-07 17:44
a16z is back at it again. This time, Babylon, which they are optimistic about, really has something special.
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CrashHotline
· 01-07 17:43
No way, is a16z back to cut the leeks? Whether this wave of Babylon can truly be implemented remains to be seen.
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LiquidationHunter
· 01-07 17:37
a16z is back to cut the leeks again. What can 15 million be used for? The key is whether Aave can truly implement it.
The Babylon protocol in the Bitcoin ecosystem has announced another good news, recently completing a $15 million funding round led by well-known investment firm a16z Crypto. This funding will support its deep technical integration with DeFi lending protocol Aave in Q2, further expanding Bitcoin's application scenarios in the lending field. Currently, the Babylon team has over 40 members, with core members experienced in blockchain technology and financial protocol development. This integration plan is seen by the industry as a key step towards connecting the Bitcoin ecosystem with mainstream DeFi protocols, promising to bring more innovative financial tools and opportunities to ecosystem participants.