Babylon Genesis Officially Launched: Built on Bitcoin as its Security Anchor, Connecting the Decentralized World
The world's first Bitcoin-backed L1 public chain, Babylon Genesis, officially launched today, marking a historic leap in Bitcoin's utility. This launch establishes the Babylon Bitcoin Staking Protocol as a core part of the Bitcoin infrastructure layer, making it not only the most revolutionary staking solution in the Web3 ecosystem but also transforming idle Bitcoin into a foundational pillar of the decentralized economy, fully unlocking its potential value.
The Babylon protocol innovatively addresses the two core long-standing frictions in the decentralized ecosystem: the potential of idle Bitcoin assets and the Web3 world's need for security, liquidity, and active users. Through the groundbreaking Bitcoin staking protocol, Bitcoin holders can now securely stake their assets to provide security and liquidity support to other decentralized networks while earning rewards, all without relinquishing self-custody of their Bitcoin. This mechanism successfully channels the value and user base accumulated through Bitcoin's mainstream adoption to other decentralized systems, promoting deep integration in the decentralized world and accelerating the ecosystem's journey towards mainstream applications.
Phase One Data: Over 57,000 BTC participated in staking through the Babylon protocol, demonstrating the strong momentum of the Bitcoin ecosystem. Leading global crypto asset custody firm BitGo (top three in the industry) recently announced its support for BTC staking and Babylon Genesis's native token BABY custody and staking services. Another top-tier institutional custody platform, Anchorage Digital, also explicitly stated its support for BTC staking through the Babylon Bitcoin Staking Protocol.
Furthermore, prominent wallet providers such as Binance Wallet, OKX Wallet, UniSat, and Xverse will support Bitcoin staking from day one.
Babylon Genesis marks the successful completion of the second phase in the three-stage launch plan and introduces Bitcoin's security capabilities to a wider blockchain ecosystem. The blockchain will serve three core functions:
· First Bitcoin-protected Network (BSN):
Efficiently leverage Bitcoin network security through Bitcoin staking and timestamp technology. The Bitcoin timestamp not only defends against long-range attacks but also significantly shortens the unbonding period (BABY unbonding staking about 50 hours, Bitcoin unbonding staking about 7 days).
· Control Plane:
Coordinate the interaction between other Bitcoin-protected networks (BSN) and the Bitcoin mainnet, enabling them to access Bitcoin's security protection system and liquidity resources at a minimal integration cost.
· Liquidity Hub:
Secure custody of Bitcoin liquidity through on-chain applications.
With its outstanding interoperability, significant benefits to decentralized networks, and convenient integration features, Babylon's Bitcoin integration solution has successfully attracted many well-known networks to join the Bitcoin Protected Network (BSN) ecosystem. Protocols such as Osmosis, TAC, BOB, and Corn have all committed to deploying the BSN solution.
Babylon Genesis also supports a rich on-chain decentralized application ecosystem, including:
· Tower: Decentralized Exchange (DEX) tailored for the BTCFi ecosystem
· Satlayer: Bitcoin re-collateralization infrastructure
· Escher: BABY Liquidity Staking Token (LST) protocol designed for DeFi
· Milkyway: Modular BABY staking portal supporting liquidity staking and re-staking
Babylon Genesis is driven by a sound tokenomics model. It has an 8% annual inflation rate, with half allocated to Bitcoin stakers and the other half to BABY token stakers. The token distribution focuses on long-term development. Tokens allocated to investors, team, and advisors have a 4-year unlocking period, with the first year disallowing locked tokens from participating in staking.
In addition to the many BSN and wallet providers that have pledged support for Babylon Genesis and the Babylon Bitcoin Staking Protocol, the Babylon ecosystem is rolling out a strong lineup consisting of over 15 leading Liquidity Staking Tokens (LST) such as Lombard, Solv, Pump, and Bedrock, and over 250 Finality Providers (FP) such as P2P, Kiln, Chorus One, Figment, and Galaxy to help drive adoption and liquidity from inception.
Babylon co-founder Fisher Yu stated, "Bitcoin has always been the gold standard of security, but until today, this security has been confined to Bitcoin itself. Through Babylon Genesis, we are transforming Bitcoin from idle assets into active, income-generating digital economic cornerstones. For the first time ever, this unparalleled security of Bitcoin is securely connected to the broader blockchain ecosystem, offering shared security, liquidity, and utility without compromising self-custody. This release marks a pivotal moment as Bitcoin's economic gravity breaks beyond its own chain's bounds."
About Babylon Labs
Babylon Labs is focused on developing a Bitcoin security sharing protocol, with a vision to build a decentralized world secured by Bitcoin. Its latest software development achievement is the world's first trustless and self-custodial Bitcoin staking protocol. This protocol enables Bitcoin holders to stake their BTC on other decentralized systems such as Proof of Stake chains, Layer 2 networks, Data Availability layers, etc., allowing stakers to earn rewards without the need for third-party custody, cross-chain bridge solutions, or wrapping services. The grander vision is to combine Bitcoin's high security and widespread adoption with the efficiency and scalability of Proof of Stake systems to enhance Bitcoin's utility.
This article is contributed content and does not represent the views of BlockBeats.
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