Babylon Labs and Fiamma dey collaborate to boost Bitcoin role for DeFi with trust-minimized bridges and zero-knowledge technology
Babylon Labs don form strategic partnership with Fiamma, one platform wey Lightspeed Faction dey support, wey aim to boost Bitcoin role for decentralized finance (DeFi) through trust-minimized bridges and zero-knowledge technology. Dem sabi say e get big Bitcoin staking protocol wey hold over 57,000 BTC, Babylon Labs don invest to integrate Fiamma BitVM2 protocol. Dis move dey expect to unlock new DeFi functionalities inside Bitcoin limited supply of 21 million coins, wey go allow broader access for developers. The partnership dey supported again by Babylon Labs push for Bitcoin interoperability through progress for BitVM, wey dey promote faster, secure transactions. After Fiamma recent launch of Bitcoin bridge testnet and zero-knowledge verification devnet, di collaboration dey aligned with dem partnerships with important entities like Hack VC and RISC Zero, wey dey emphasize real-world applications on Bitcoin.
Bullish
Di partnership wey dey among Babylon Labs and Fiamma fit bring better tins for di cryptocurrency market, especially for Bitcoin and wetin e dey do for DeFi. As dem dey unlock new functions and how dem fit work together through trust-minimized bridges plus zero-knowledge technology, dis initiative fit increase Bitcoin use case, bring more developers come and fit also raise demand. Di collabo with some notable entities and di advancement for BitVM fit also help how people dey see Bitcoin more than just store of value, wetin go drive positive market sentiment.