Babylon

Value

Bitcoin

Enhance

Partner

<div class="intro-text">
 Babylon Labs, a major player in Bitcoin staking with over $2 billion in Total Value Locked (TVL), has <a style="color: #0000ff;" href="https://chainwire.org/2024/12/11/babylon-labs-and-satlayer-forge-alliance-to-unlock-defi-for-bitcoin/" rel="noopener noreferrer nofollow">partnered</a> with SatLayer. 
</div>
This collaboration aims to improve Bitcoin’s staking and restaking capabilities, enhancing liquidity, security, and capital efficiency for Bitcoin holders across various blockchain applications.
SatLayer will become the primary restaking platform for the Babylon protocol, integrating a set of smart contracts on Babylon Chain that enable fully programmable BTC slashing. This move marks a significant milestone in expanding Bitcoin’s utility within DeFi.
<blockquote>
 “At Babylon Labs, we’re committed to building a more secure and interconnected blockchain ecosystem. This collaboration with SatLayer allows us to extend Bitcoin’s robust security to a wider range of applications and infrastructure,” 
</blockquote>
stated Fisher Yu, CTO of Babylon Labs.
Through this collaboration, over $2 billion worth of Bitcoin will secure proof-of-stake (PoS) blockchains and applications, unlocking liquidity through Liquid Staking Tokens (LST) projects such as Lombard, Solv, and Bedrock. SatLayer will amplify this by enhancing security and liquidity for applications and infrastructures within these ecosystems.
This partnership aligns with Bitcoin’s growing role in the broader blockchain space, fueled by institutional adoption and the success of Bitcoin ETFs. As more Layer-1 networks like Solana integrate Bitcoin’s value, the collaboration between Babylon Labs and SatLayer will help Bitcoin achieve feature parity with Ethereum in staking and restaking functionalities.
Meanwhile, Babylon Labs has<a style="color: #0000ff;" href="https://defi-planet.com/2024/12/bitrue-partners-with-babylon-labs-to-launch-bitcoin-staking-rewards-program/" rel="noopener noreferrer nofollow"> partnered</a> with Canadian crypto exchange Bitrue to introduce a Bitcoin-native staking rewards program. This collaboration allows Bitrue users to stake Bitcoin directly on the platform, earning rewards through Babylon Points and an annual percentage rate (APR) of 2.3% on their staked BTC. Babylon Labs’ staking solution eliminates the need for bridges or smart contracts, offering users a seamless and secure experience. Adam O’Neill, CMO of Bitrue, praised the partnership for unlocking new opportunities in decentralized finance for users and developers.
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The post <a href="https://defi-planet.com/2024/12/babylon-labs-and-satlayer-partner-to-enhance-bitcoin-staking/" rel="noopener noreferrer nofollow">Babylon Labs and SatLayer Partner to Enhance Bitcoin Staking</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Babylon Labs and SatLayer Partner to Enhance Bitcoin Staking

DeFi Planet

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