Staking Bitcoin (finally!) with David Tse of Babylon

Investment Team

Alex Tapscott, CFA

Managing Director, Digital Asset Group, Portfolio Manager

Alex Tapscott, CFA

Managing Director, Digital Asset Group, Portfolio Manager

Mr Tapscott is an entrepreneur, business author, and seasoned capital markets professional focused on the impact of emerging technologies, such as blockchain and cryptocurrencies, on business, government, and society. His latest book, Web3: Charting the Internet’s Next Economic and Cultural Frontier (Harper Collins), was published September 19th, 2023. Alex is also the Managing Director of the Digital Assets Group at Ninepoint Partners, one of Canada’s leading investment firms, with more than...
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Jake Moodie

Analyst, Digital Asset Group

Jake Moodie

Analyst, Digital Asset Group

Jake Moodie is an Analyst with the Digital Asset Group at Ninepoint Partners. He works directly with Alex Tapscott on the Ninepoint Crypto and AI Leaders ETF and all other Ninepoint Digital Asset Group initiatives. Prior to Ninepoint, Jake was the Co-Founder and CEO of Gigli, an online marketplace platform that connected university students with local residents to complete their household tasks and flexibly earn some spending money. He also served as a Private Wealth Analyst at BMO Financial...
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"Bitcoin is no longer just digital gold—it’s becoming the foundation for a new decentralized economy." – David Tse

Join Alex Tapscott and Andrew Young as they decode the world of Web3 with special guest David Tse, Co-Founder of Babylon. Listen in as they discuss the ongoing evolution of Bitcoin from a store of value and medium of exchange into a productive asset, how Babylon is leading the way with trustless Bitcoin staking and positioning it as a collateral superpower, the mechanics of Bitcoin staking, the launch of Babylon’s Genesis and the incoming wave of chains set to be powered by Bitcoin security, the risks of wrapped tokens and why Babylon’s trustless model matters, the potential symbiotic relationship between Bitcoin and Ethereum, the yields available to Bitcoin stakers, the accelerating institutional interest in Bitcoin staking, DeFi’s missing piece that could unlocks trillions in value across the ecosystem, and more.

TIMESTAMPS

[0:00] Introduction
[0:27] Bitcoin’s Next Chapter
[4:05] Making Bitcoin Useful
[6:49] How Bitcoin Staking Works
[10:27] Building a Dog Food Chain
[12:37] Rollups Secured by Bitcoin
[18:51] Bitcoin as a Collateral Superpower
[22:11] Intersection of Bitcoin & Ethereum
[25:28] Moving Beyond Wrapped Bitcoin
[27:20] Yield Paid to Bitcoin Stakers
[29:50] Enterprise Interest in Bitcoin Staking
[32:46] DeFi’s Missing Piece
[35:28] Conclusion

Part of Ninepoint’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.

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