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Babylonchain is a Bitcoin staking infrastructure designed to secure PoS blockchain networks by implementing shared security and Bitcoin timestamping mechanisms. It enables $BTC holders to stake their tokens and power the platform’s shared security protocol, allowing PoS blockchains to utilize this security power in exchange for rewards.
On February 27, 2024, Binance Labs announced an investment in the Babylon $BTC staking protocol to support the advancement of Bitcoin staking. Traditionally, Binance Labs does not disclose the amount of funds invested in the project.