Babylon Genesis Officially Launched: Built on Bitcoin as the Security Foundation, Connecting the Decentralized World
The world's first Bitcoin-backed L1 blockchain Babylon Genesis officially launched today, marking a historic milestone in Bitcoin's utility. This launch establishes the Babylon Bitcoin Staking Protocol as a core component 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, unlocking its full potential value.
The Babylon protocol innovatively addresses the two core long-standing challenges 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 their self-custody of Bitcoin. This mechanism successfully channels the value and user base accumulated by Bitcoin through mainstream adoption into other decentralized systems, not only promoting deep integration in the decentralized world but also accelerating the ecosystem's path to mainstream applications.
Phase One Data: Over 57,000 BTC have participated in staking through the Babylon protocol, showcasing the strong momentum of the Bitcoin ecosystem. Leading cryptocurrency custodian BitGo (top three in the industry) recently announced its support for BTC staking and custody services for the Babylon Genesis native token BABY. Another top-tier institutional custody platform, Anchorage Digital, has also committed to providing BTC staking support through the Babylon Bitcoin staking protocol.
Furthermore, leading 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 broader blockchain ecosystem. The blockchain will serve three core functions:
· First Bitcoin-Backed Network (BSN):
By leveraging Bitcoin staking and timestamp technology, it effectively harnesses the security of the Bitcoin network. The Bitcoin timestamp not only defends against long-range attacks but also significantly shortens the unstaking period (around 50 hours for BABY unstaking, around 7 days for Bitcoin unstaking).
· Control Plane:
Coordinates the interaction of other Bitcoin-backed networks (BSN) with the Bitcoin mainnet, enabling them to access Bitcoin's security protection system and liquidity resources at minimal integration costs.
· Liquidity Hub:
Safely custodying 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: A decentralized exchange (DEX) built for the BTCFi ecosystem
· Satlayer: Bitcoin re-collateralization infrastructure
· Escher: BABY Liquidity Staking Token (LST) protocol designed for DeFi
· Milkyway: A modular BABY staking portal supporting liquidity staking and re-collateralization
Babylon Genesis is driven by a sound tokenomics model. It features 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 held by investors, team, and advisors have a 4-year unlocking period, with tokens not allowed to be staked in the first year.
In addition to the BSN and wallet providers that have committed to supporting 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.
Fisher Yu, co-founder of the Babylon project, stated: "Bitcoin has always been the gold standard of security, but until today, this security has been limited to Bitcoin itself. Through Babylon Genesis, we are transforming Bitcoin from idle assets to active, income-generating cornerstones of the digital economy. This is the first time Bitcoin's unparalleled security resource has been securely connected to the wider blockchain ecosystem, providing shared security, liquidity, and utility without compromising self-custody. This release marks a key moment—Bitcoin's economic influence has for the first time transcended the boundaries of its own chain."
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 a contributed piece and does not represent the views of BlockBeats.
You may also like

Kyle Samani's Exit Scam, Is There More to the Story?

February 10th Market Key Intelligence, How Much Did You Miss?

Tokenomics New Paradigm? When Backpack Starts Enabling VCs to "Deferred Gratification"

BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…

Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…

MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…

Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…

MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…

Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…

Analysts Predict Bitcoin May Drop to $55K Amid Support Challenges
Key Takeaways Experts caution that Bitcoin could fall to $55,000 if current support levels are breached. The market…

Bitcoin May Decline to $55K: Analysts Warn
Key Takeaways Analysts project Bitcoin could drop to $55,000 if key support levels fail. Technical analysts forecast that…

YZI Labs Transfers Massive ID Tokens to Binance as BNKR Hits New High
Key Takeaways BNKR, a digital currency, has achieved its highest-priced milestone of $0.295 CAD as of January 26,…

MrBeast Acquires Step, Expanding Influence in Teen Finance Market
Key Takeaways MrBeast has acquired the financial services app Step, which caters specifically to Gen Z users. Step…

Analysts Predict Bitcoin’s Critical Support Level May Trigger Decline
Key Takeaways Experts indicate a crucial moment for Bitcoin, with potential price drop to $55,000 if support fails.…

Michael Saylor Faces Bitcoin Valuation Challenges: Impact on the Crypto Market
Key Takeaways Michael Saylor’s Bitcoin investment is currently valued at $55 billion, but recent market trends have seen…

MrBeast Acquires Step FinTech App in Strategic Move
Key Takeaways MrBeast’s company, Beast Industries, has announced the acquisition of Step, a fintech app focused on Gen…

Bitcoin’s Potential Surge Sparks Debate Among Investors
Key Takeaways The probability that Bitcoin will reach $75,000 in February fluctuates as predicted by Polymarket. Bitcoin recently…

Analysts Predict Bitcoin’s Potential Plunge to $55K
Key Takeaways Analysts warn of a possible drop to $55K if Bitcoin’s current support breaks. 10X Research and…
Kyle Samani's Exit Scam, Is There More to the Story?
February 10th Market Key Intelligence, How Much Did You Miss?
Tokenomics New Paradigm? When Backpack Starts Enabling VCs to "Deferred Gratification"
BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…
Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…
MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…