Babylon[BABY]
Babylon is a pioneering platform that enables native Bitcoin staking to secure Proof-of-Stake blockchains.
Babylon enables Bitcoin holders to stake their BTC without relinquishing custody, enhancing security and yield opportunities for decentralized networks secured by Bitcoin. The protocol integrates Bitcoin's timestamping for enhanced security and employs a dual staking model combining BABY and BTC to secure the network. BABY tokens are used for transaction fees, staking rewards, governance voting on protocol changes, and incentivizing ecosystem participation.
Babylon Genesis functions as both a control plane coordinating Bitcoin Secured Networks (BSNs) and a hub for managing Bitcoin liquidity on-chain via smart contracts. The project emphasizes trustless, decentralized security while maintaining user control of Bitcoin assets, promoting scalability and transparency in DeFi. The BABY token supply total is about 10 billion, with a significant portion reserved for ecosystem incentives and grants. The protocol successfully raised substantial funding from leading investors and launched its mainnet in early 2025, already securing thousands of active users.
Babylon Genesis functions as both a control plane coordinating Bitcoin Secured Networks (BSNs) and a hub for managing Bitcoin liquidity on-chain via smart contracts. The project emphasizes trustless, decentralized security while maintaining user control of Bitcoin assets, promoting scalability and transparency in DeFi. The BABY token supply total is about 10 billion, with a significant portion reserved for ecosystem incentives and grants. The protocol successfully raised substantial funding from leading investors and launched its mainnet in early 2025, already securing thousands of active users.
SecurityLSDfiRestakingBitcoin Staking