Babylon Launches Bitcoin Staking Mainnet, Securing $4 Billion in BTC

Edited by: Yuliya Shumai

Babylon, a Bitcoin staking protocol, launched its "Genesis" mainnet on Thursday, marking the second phase of its rollout. The protocol has already secured over 57,000 BTC, valued at over $4 billion. This allows users to earn yield on their Bitcoin holdings while providing economic security for other decentralized applications. Babylon enables users to stake its BABY token, with rewards split 50-50 between BTC and BABY token stakers. Several major crypto firms, including Bitgo, Anchorage, Binance, and OKX wallets, plan to integrate Babylon as a Bitcoin staking solution.

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