tl;dr
Binance Labs, the venture capital arm and incubator of Binance, is investing in Babylon, a new Bitcoin staking protocol that allows users to stake Bitcoins for PoS blockchains without third-party custody. The protocol provides economic security guarantees and efficient stake unbonding, and seeks to ...
Binance Labs, the venture capital arm and incubator of Binance, is investing in Babylon, a new Bitcoin staking protocol that allows users to stake Bitcoins for PoS blockchains without third-party custody. The protocol provides economic security guarantees and efficient stake unbonding, and seeks to act as a middleman between PoW and PoS blockchains, providing more utility to the BTC chain. This investment represents a commitment to supporting innovative projects leading the Bitcoin narrative and advancing its use cases.
Binance Labs, the venture capital arm and incubator of Binance, is investing in Babylon, a Bitcoin staking protocol that pioneers the concept of native Bitcoin staking for PoS blockchains. Through this innovative protocol, users can now stake their Bitcoins and earn yields without third-party custody. Babylon also provides slashable economic security guarantees to the PoS chains and efficient stake unbonding to enhance liquidity for Bitcoin holders. In addition, Babylon aims to bridge the gap between PoW and PoS blockchains, offering more utility to the BTC chain. This investment represents Binance Labs’ dedication to remarkable projects that contribute to Bitcoin’s growth and utility.
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