pumpBTC price

@Lombard_Finance is built on Babylon, so somehow Lombard leverages on Babylon's infra to actually build a permissionless BTC protocol that leverages on proof of stake which we know is the consensus mechanism of the BTC ecosystem. So while Babylon itself is a marketplace for BTC economic security, which now serves as a home for Lombard, we must not be quick to forget that Lombard actually improves it (Babylon) by providing an important infrastructure to the supply aspect of Babylon's marketplace, for BTC economic security, by providing scaling, yield optimization, BTC defi participation and even liquidity problems.. Lombard finance is a big fish in the BTC ecosystem by this standards and this is because of the staking infrastructure, the cross-chain architectural integration and it's massive integration with big default vaults across native DEFI protocols like KATANA. So we cannot write off @Lombard_Finance as just another protocol built on Babylon, it brings it's utility and contributes to the core principles of BTC DEFI to Babylon. With a massive TVL of $1.6B and DEFI vault TVL of over $126M and LBTC supply of over 14K BTC. Listed by Greyscale as an already considered asset. This crypto cycle market narrative has been all about institutions. Blackrock, Greyscale and many others. This means the BTC ecosystem is an exploration waiting to explode, and we don't have enough protocols waiting to onboard this big money. Don't forget that this massive money inflow will soon seek DEFI opportunity, and opportunities as LOMBARD funnels this interest, even back to other Babylon ecosystem protocols like pumpBTC for example.

@Lombard_Finance is built on Babylon, so somehow Lombard leverages on Babylon's infra to actually build a permissionless BTC protocol that leverages on proof of stake which we know is the consensus mechanism of the BTC ecosystem. So while Babylon itself is a marketplace for BTC economic security, which now serves as a home for Lombard, we must not be quick to forget that Lombard actually improves it (Babylon) by providing an important infrastructure to the supply aspect of Babylon's marketplace, for BTC economic security, by providing scaling, yield optimization, BTC defi participation and even liquidity problems.. Lombard finance is a big fish in the BTC ecosystem by this standards and this is because of the staking infrastructure, the cross-chain architectural integration and it's massive integration with big default vaults across native DEFI protocols like KATANA. So we cannot write off @Lombard_Finance as just another protocol built on Babylon, it brings it's utility and contributes to the core principles of BTC DEFI to Babylon. With a massive TVL of $1.6B and DEFI vault TVL of over $126M and LBTC supply of over 14K BTC. Listed by Greyscale as an already considered asset. This crypto cycle market narrative has been all about institutions. Blackrock, Greyscale and many others. This means the BTC ecosystem is an exploration waiting to explode, and we don't have enough protocols waiting to onboard this big money. Don't forget that this massive money inflow will soon seek DEFI opportunity, and opportunities as LOMBARD funnels this interest, even back to other Babylon ecosystem protocols like pumpBTC for example.

@Lombard_Finance is built on Babylon, so somehow Lombard leverages on Babylon's infra to actually build a permissionless BTC protocol that leverages on proof of stake which we know is the consensus mechanism of the BTC ecosystem. So while Babylon itself is a marketplace for BTC economic security, which now serves as a home for Lombard, we must not be quick to forget that Lombard actually improves it (Babylon) by providing an important infrastructure to the supply aspect of Babylon's marketplace, for BTC economic security, by providing scaling, yield optimization, BTC defi participation and even liquidity problems.. Lombard finance is a big fish in the BTC ecosystem by this standards and this is because of the staking infrastructure, the cross-chain architectural integration and it's massive integration with big default vaults across native DEFI protocols like KATANA. So we cannot write off @Lombard_Finance as just another protocol built on Babylon, it brings it's utility and contributes to the core principles of BTC DEFI to Babylon. With a massive TVL of $1.6B and DEFI vault TVL of over $126M and LBTC supply of over 14K BTC. Listed by Greyscale as an already considered asset. This crypto cycle market narrative has been all about institutions. Blackrock, Greyscale and many others. This means the BTC ecosystem is an exploration waiting to explode, and we don't have enough protocols waiting to onboard this big money. Don't forget that this massive money inflow will soon seek DEFI opportunity, and opportunities as LOMBARD funnels this interest, even back to other Babylon ecosystem protocols like pumpBTC for example.

The @babylonlabs_io liquid staking ecosystem grew 14.6% QoQ. - @Lombard_Finance ⬆️ 32% to 21.1K - @LorenzoProtocol ⬆️ 156% 3.9k

I’m back with a full review on @hemixyz. Hemi is an Ethereum rollup that supports a number of wrapped bitcoin assets. Summary below & full review threaded 👇 Hemi has 4,061~ BTC-backed tokens minted on its network. Users face some key trust assumptions: Main risks In my opinion, the main risks with Hemi are: - BTC-backed tokens on the network are secured by centralized custodians/entities. - An alternative data availability is responsible for making the data available. Users trust Ethereum full nodes to make the data available to advance Hemi’s state - A centralized sequencer can have liveness failures or censor users - A centralized proposer can submit a malicious state and drain the bridge escrowing wBTC and tBTC - Key systems and bridge escrow contracts are immediately upgradable by a ⅜ multisig Design tl;dr Hemi is an Ethereum rollup built on the OP stack. It has a centralized sequencer that is responsible for ordering Hemi’s transactions into blocks. After these blobs, containing Hemi blocks, are submitted to Ethereum, its full nodes update the state. After the state is updated, a centralized proposer submits the state root to a bridge program on Ethereum. This bridge program is not secured by any proving system. Hemi also employs a validator set in what it calls “proof-of-proof consensus”. After the latest state root is generated, this validator set races to submit the state root to bitcoin. This “anchors” Hemi’s state to bitcoin. Hemi has two official bridge programs. They call these “tunnels”. One is a (what we believe) a centralized bridge program securing BTC backing HemiBTC, a bitcoin-backed ERC-20 asset on Hemi. There is no documentation on who the signers are, or what threshold signature scheme this bridge program may be leveraging. It additionally escrows various bitcoin-backed assets in a standard Ethereum escrow contract. This contract is not secured by any proving system. There are also a number of other wrapped bitcoin assets available on Hemi. These assets are ultimately secured by centralized custodians and have been bridged to the network through a third party provider. Connection to bitcoin Hemi is connected to bitcoin through its proof-of-proof validator set. After a validator posts a state root to bitcoin, Hemi network participants ultimately consider the state finalized. But since its official bridge program does not (from our vantage point) have a public federation, it is considered an “integrated chain” and not a “sidesystem”. What type of layer is it? My opinion In my opinion, Hemi is a sovereign network that inherits security from Ethereum. Its Ethereum bridges do not inherit this security as there is no proving system and the bridge contracts are immediately upgradable. Its bitcoin-backed assets are ultimately secured by centralized custodians or federations. I’m unsure of the security guarantees “bitcoin finality” gives you here. I believe the sequencer has an incentive to not reorg the state to continue earning fees and grow its user base. Regardless, even if it does give you stronger finality guarantees, it wouldn’t change my opinion on what type of network it is: A sovereign network that inherits security to Ethereum and anchors its state to bitcoin. Additional context Unlike its testnet, I couldn’t find any dashboards showing activity related to proof-of-proof validators submitting state updates to bitcoin.