Babylon Advances to Mainnet Phase With Over $4B in Locked BTC
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Babylon has launched its Genesis mainnet, enabling Bitcoin staking with self-custody and attracting over 57,000 BTC ($4B). The platform offers unique staking mechanisms where users retain asset custody, and rewards are split between BTC stakers and BABY token holders. Major exchanges and custodians like Binance, OKX, Bitgo, and Anchorage plan to integrate the solution.
April 10, 2025 | 4:30 pm
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Babylon's new staking platform demonstrates growing DeFi capabilities for Bitcoin, potentially increasing institutional and retail interest in cryptocurrency.
The launch of a Bitcoin staking platform with significant locked assets and major exchange integrations could positively impact Bitcoin's perception as a more versatile asset, potentially driving increased investment and price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80