GoMining Is Building the First Native Bitcoin Yield Product with Help From Babylon Labs

Summary

Jeremy Dreier from GoMining discusses a new integration with Babylon Labs and Aave that lets Bitcoin holders earn native mining yield without selling or losing custody. The product targets institutions initially and uses a trustless vault structure and stablecoin loans. Dreier also outlines GoMining's vision to become a full Bitcoin super app including payment protocols and debit cards.

• GoMining and Babylon Labs announced a partnership to enable native Bitcoin yield through mining rewards.
• The product uses Babylon's trustless vaults to lock BTC and Aave's V4 for stablecoin loans.
• Stablecoins are deposited into GoMining's mining infrastructure to produce Bitcoin yield.
• The offering is initially for institutional investors, with potential retail expansion later.
• GoMining aims to become a Bitcoin super app with mining, spending, borrowing, and payment features.
• The company has over 5 million users and 15 exahash of hash rate sold via digital miners.