Self-custodial Bitcoin staking protocol Babylon announces mainnet
Babylon, the self-custodial Bitcoin staking protocol, will launch its mainnet on August 22, 2024. The launch brings a “third native use-case of Bitcoin” to users, adding staking to its store of value and payment, Fisher Yu, co-founder of Babylon, said. Babylon, a self-custodial Bitcoin staking protocol, has announced the launch of its phase-1 mainnet as it eyes the growing decentralised finance market on the leading blockchain network. Babylon announces Bitcoin staking mainnet In an announcement on Monday, the protocol revealed its mainnet launch will go live on August 22, 2024. The first phase of the mainnet will allow BTC holders to stake their coins with the self-custodial protocol. 🔶🔒 Countdown to Babylon Bitcoin Staking Mainnet launch has begun! 🔑 Self-custodial Bitcoin Staking 🛡️ Bitcoin security for PoS Systems ⚡ On-demand Unbonding 💎 Leverages $1T+ idle Bitcoin Capital 📖 Read...