dori
dori
ADA-1.37%
BTC+0.97%
With the Lace 1.24 update, #Cardano could overtake #Babylon and become the new leader in BTCFi. Here's why Cardano offers a superior and more secure alternative for $BTC holders. 🧵
lace.io
lace.io
🚀 Lace 1.24 is LIVE! We’ve released some major upgrades to your Lace Wallet experience: 🟠 Bitcoin Mainnet support (audited & secure) 👤 Bitcoin Handle support 🗳️ links added for governance The multichain era is here. Check out the Lace 1.24 blog now & explore the future.
Babylon, despite being the current leader in #BTCFi with strong institutional backing and an impressive 46,530 BTC ($4.92B) staked, shows critical flaws: 🔻 Plummeting staking rewards (APY 0.4%) 🔻 Complex structure requiring extra protocols (Lombard), adding risk 🔻 Network instability, proven by a recent multi-hour halt 🔻 Low decentralization & security with only 100 validators 🔻 Inconvenient dual-wallet system (BTC + Babylon)
Gallery 1
In contrast, Cardano ($ADA) delivers: ✅ Proven stability with 100% uptime ✅ High decentralization & security, guaranteed by over 2,800 stake pools ✅ Trustless & secure BTC bridging via protocols like @BTC_OS , Cardinal protocol ✅ Diverse yield opportunities in a growing DeFi ecosystem (lending, LP, etc.) ✅ all-in-one experience with the Lace 1.24 wallet
I think the choice is clear. For $BTC holders, Cardano's proven security, stability, and integrated convenience make it the logical choice over a complex and unstable network. Cardano is ready for BTCFi.
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