The Pomp Podcast
#1490 David Tse | How To Safely Get Yield On Your Bitcoin
- David Tse, co-founder of Babylon Protocol, explains Bitcoin's two native use cases: payment system and store of value, and is building a third use case through Bitcoin staking.
- Bitcoin staking enables holders to lock Bitcoin (with a seven-day unbonding period) to secure other blockchains without surrendering custody or trusting intermediaries.
- Babylon has bootstrapped over 130,000 Bitcoin addresses with approximately $5.5–6 billion in total value locked since mainnet launch in August 2024.
- Bitcoin-secured networks represent a new ecosystem design where proof-of-work Bitcoin security underpins proof-of-stake applications, bridging two previously separate worlds.
- Tse's vision emphasizes removing trust in institutions and humans by expanding code-based trustlessness beyond payments to yield generation and network security.