0
days
00
hours
00
min
00
sec
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.