Babylon, an innovative non-custodial platform, has revealed a series of groundbreaking initiatives and key partnerships aimed at unleashing the full power of Bitcoin (BTC). These advancements focus on increasing BTC liquidity accessibility while enhancing both yield and security.
On May 28, Babylon successfully introduced the Babylon Bitcoin Staking Testnet-4, which was designed to evaluate user interactions with the Signet BTC test network and stress-test the security of staked Signet Bitcoin. The testnet reached its initial cap in under 20 minutes, showcasing a high level of interest and participation.
Over 70 finality providers have joined the system to strengthen it and ensure unwavering support from the testnet phase onwards. Furthermore, six wallets supported Babylon during the testnet launch, demonstrating widespread ecosystem engagement.
To educate the community, Babylon launched a “Bitcoin Staking 101” blog series explaining the ins and outs of Bitcoin staking. They also initiated the BTC Chronicles, a community campaign competition that allows participants to climb the leaderboard, rank, and show support for Babylon from testnet to mainnet.
Strategic alliances are unlocking the $1T potential of Bitcoin. Major DeFi projects are partnering with Babylon to innovate with Bitcoin and leverage its potential. Bedrock introduced uniBTC, a liquid Bitcoin restaking token built on Babylon, enabling BTC holders to earn rewards while maintaining liquidity. Similarly, pStake is set to boost growth in BTCfi by providing BTC holders with a pathway to staking yields through their liquid staking solution on Babylon.
Mind Network is utilizing Babylon’s Bitcoin LSTs alongside Fully Homomorphic Encryption (FHE) to securely validate PoS networks and subnets without exposing private keys. FHE enhances Bitcoin’s security in consensus layers while maintaining decentralization.
The Chakra ZK-Rollup integrates the Babylon Bitcoin staking protocol to enhance security using ZK-STARK proofs to map staked BTC across ecosystems, unlocking Bitcoin’s $1 trillion-plus liquidity stream.
Merlin L2 is integrating Bitcoin’s security into its chain via the Babylon Bitcoin staking protocol, enabling users to stake native BTC and enhance security across networks and chains.
On the infrastructure front, wallets like Cobo have launched dedicated APIs for integrating Bitcoin staking through the Babylon protocol, streamlining integration in just 30 minutes. Game Plus is developing infrastructure for gaming on the Bitcoin blockchain using the Babylon Bitcoin staking protocol, offering SDKs for simplified deployment of Bitcoin-based games. Particle Network aims to enable “chain abstraction” by integrating Babylon’s Bitcoin staking as part of a “Dual Staking” security model.
The Babylon ecosystem continues to expand, with Tomo Wallet as the latest to support the Babylon Bitcoin staking protocol, allowing users to stake sBTC directly from the wallet. Each strategic alliance brings Babylon closer to unlocking Bitcoin’s vast potential through staking, driving the future utility of the world’s largest cryptocurrency forward through innovation and partnerships.