Babylon Labs and Lombard Protocol have jointly unveiled a strategic initiative aimed at integrating Bitcoin with Sui, the Layer 1 blockchain and smart contract platform. This collaboration seeks to onboard bitcoin liquidity into the Sui ecosystem, enhancing decentralized finance (defi) with LBTC as a core collateral asset. Starting in December, bitcoin holders will be able…
Bitcoin staking protocol Babylon has achieved a major milestone, pulling in 23,891.67071126 BTC in confirmed total value locked (TVL) and attracting 25.31K stakers after lifting the cap on its second staking round. This significant increase in participation underscores strong investor confidence and robust demand within Babylon’s decentralized finance (defi) ecosystem. The platform’s aim to provide…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Babylon, a Bitcoin staking system, has started the first phase of its self-custodial mainnet. For Bitcoin (BTC), this evolution signals a turning point since it adds a new dimension to its use outside of its conventional functions as a medium of trade and a store of wealth. Babylon Makes…
Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin’s security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking opportunities, leveraging the network’s decentralized nature. Bitcoin Staking Protocol by Babylon Goes Live Babylon‘s mainnet launch introduces a staking protocol that allows bitcoin…