Native Bitcoin as DeFi collateral? Babylon thinks they’ve cracked it

Babylon Labs says it has built a system using BitVM3 that allows native Bitcoin to be used as trustless collateral for borrowing on Ethereum, but its trustless design raises questions.
Source: Native Bitcoin as DeFi collateral? Babylon thinks they’ve cracked it (https://cointelegraph.com/news/trustless-with-caveats-babylon-s-big-bitcoin-defi-claim?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)