Many BTC holders store their assets in cold wallets, holding them long-term with zero returns—similar to fixed deposits, only passively waiting for price fluctuations. However, the situation is changing. Through Figment platform's DeFi application, self-custodied BTC can be directly exchanged for LBTC( liquidity BTC), thereby entering the Babylon protocol ecosystem to earn yields. This means that your cold wallet assets no longer need to be held on exchanges to participate in DeFi earning—retaining full autonomy while generating income from BTC. For long-term holders, this breaks the traditional "static holding" dilemma of cold wallets, allowing self-managed assets to also enjoy the convenience of Web3 finance.

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VitalikFanboy42vip
· 6h ago
Hey, is there finally a way to get the dormant BTC in the cold wallet moving? It was really just lying there before. Is this process reliable now?
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TokenomicsTrappervip
· 7h ago
nah actually if you read the babylon contracts there's some gnarly liquidation mechanics they're not exactly shouting about lol. figment doing the classic exit pump pattern imo
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FantasyGuardianvip
· 7h ago
Wow, cold wallets can also generate interest now? I don't have to leave my BTC idle anymore.
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