Two Prime CEO Calls Bitcoin Yields From Babylon and Stacks ‘VC-Funded Subsidies’

Alexander Blume said the rewards that Babylon and Stacks offered bitcoin holders pay out less as deposits grow, and pointed to a vault Two Prime runs on Pareto that lends to borrowers offchain. Alexander S. Blume , CEO and co-founder of bitcoin lender and asset manager Two Prime , said yields from what he called bitcoin layer-2s, such as Babylon and Stacks , are subsidies that pay each depositor less as more money comes in. Blume said on Unchained Premium , in an Oct.