Babylonchain staking protocol aims to enhance the economic security of PoS blockchain networks using shared security and Bitcoin timestamping technology. It enables users to non-custodially stake $BTC and earn APR rewards in altcoins from PoS blockchains, without needing to use a wrapped version of the asset or bridge it to other chain networks.
On May 30, 2024, the Babylon network closed a $70M Pre-launch funding round led by Paradigm, with participation from other top-tier funds such as Polychain, Bullish Capital, Hashkey Capital, and others.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| Very High | 34.84x | 58 | ||
| Medium | 2.04x | 44 | ||
| High | 0.85x | 42 |