$BABY and the genesis of Babylon is the first shot of the BTCFi eco.
@Mantle_Official's key pillar - @FunctionBTC has directly benefited from this launch.
Here's why:
+ TVL on Function is recorded at around $1.27b
+ MC on $FBTC is still sitting below $70m
Understanding the gap as the perfect room for Function to grow.
FBTC has already been put into use in a wide range of protocols:
+ Lending: @aave, @Omega_Infra, @compoundfinance
+ Babylon staking: @Pumpbtcxyz, @Bedrock_DeFi, @SolvProtocol
+ Liquidity pools: @Agnidex, @MerchantMoe_xyz
+ Restaking: @eigenlayer, @MezoNetwork
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