Babylon Labs launched the Babylon series, a new layer for the original Bitcoin Restore (BTC). Babylon has so far closed 50 thousand BTC in a non -trustee player to secure its new network.
Babylon Labs launched the original Babylon series, after securing it with more than 5000 Bitcoin (BTC). The series’s suggestion is that anyone who can lock BTC in non -trustees, and secure multiple projects while earning the return. Deception is free of risk, as metal currencies are only closed, not a dam. BTC exports can be destroyed in seven days, a much shorter period compared to other smoke protocols.
Babylon Labs adds Bitcoin Defi layer
Babylon Labs is really imprisoned 51,167.19 BTC, equally with some large reserves or cabinet. BTC remains closed and not sold on the market, while its value can be used in other applications and protocols. Babylon Labes finished the first stage in December 2024, and completed several rounds of BTC lock events.
Babylon Genesis, as is also known, is the newly launched L1 network. The project will expand with other guaranteed Bitcoin networks (BSN) and its applications. Babylon Labs has created the long -awaited Defi layer for BTC.
My curiosity, how is Babylon the Book of Genesis as a control plane located between Bitcoin and the rest of the decentralized world?
Check this graph 👇 pic.twitter.com/elfnirbsf8Babylonlabs_io April 15, 2025
The launch of the new series follows the Eigen layer model on ETHEREUM, and expects multiple applications and Defi liquidity. The launch of Genesis symbolizes the second phase of the Babylon Labs project. The new series is used by Cosmos SDK, which is a DEFI multi -series solution.
In stage 3, the Babylon Labs will allow the launch of new chains, using the same BTCOIN. To date, Babylon Labs has only accepted locks, without holes or withdrawals.
Bitcoin -based Defi has already owns more than $ 5.2 billion in the closed value. A total of $ 4.09 billion belongs to Babylon Labs, based on BTC price levels at 85,506.81 dollars.
Babylon for Genesis to use double deception
It was popular BTC Staking with Babylon Labs due to Airdrop’s expectation. The original Babylon code (the child) was distributed to some of the largest BTC delegates and then to the final users.
Babylon Labs is currently dependent on depositors, where the Lombard and Solv protocol has the largest share of BTC Staped.
Just days before the launch of Genesis, Babylon Labs also announced the distinctive symbol of the original child’s symbol. The original will be served along with BTC as a network safety tool. Dishes and users will also receive the child to keep their share for a longer period.
The original child symbol will make transactions and governance sounds, and adds to the security of the ecological system. The child will also work as a gas symbol inside the Babylonian Book of Genesis and other chains. The child will also be used to align incentives between auditors, patients, and voters.
Despite the launch of the new series, Baby is currently under heavy pressure pressure. The child lost more than 22 % on the last trading day, drowned to $ 0.096. The child is seen as a symbol at the risk of selling pressure, as more than 67 % of the assets are allocated OpinionWith up to 85 % dedicated to additional categories of the first supporters. Babylon Labs was a high -level project that raised 96 million dollars from some higher VC companies in Crypto.
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Source: https://www.cryptopolitan.com/babylon-labs-launc-main-net-btc-colteral/