ā”ļø@nativeinsurance are driving the development of institutional-grade insurance frameworks for BTC staking and its bringing @babylonlabs_io along with it for the ride.
This marks a key step toward making Bitcoin staking safe, compliant, and scalable for institutions.
At about 4:30am UTC 16th May 2025, the BTC holder who staked 10K BTC ($1B) in Babylon Phase-1 has transitioned their entire stake to Phase-2 and started to provide slashable security to Babylon Genesis through @Lombard_Finance, @SolvProtocol and @Pumpbtcxyz! This brings Babylon Genesis' total registered BTC TVL to 42K+ BTC ($4.3B+).
The success of this transition is a testament to the security offered by the Babylon Bitcoin staking protocol, as well as an affirmation of Babylonās vision: Generating safe rewards for Bitcoin holders by inventing trustless and self-custodial utility of Bitcoin that can supercharge other decentralized networks.
Check out the details of this transition in the beautiful explorer developed by @Xangle_official
Babylon Labs CTO, Fisher Yu (@baby_fisherman), joined @MaxResnick1, @sreeramkannan, and @Psalom for the āShared Security Showdownā panel at the @StakingRewards Summit in Dubai.
A deep dive into the future of blockchain security and Bitcoinās evolving role."
1/ After 4 months of preparation since Phase-1 closed and a 2-week, access-limited pilot - BTC staking is now open to everyone! For the first time since December 2024, new BTC can be staked to the Bitcoin Staking Protocol!
@dsrvlabs, a Babylon Genesis Finality Provider, now supports Bitcoin staking and custody in Korea.
This marks the countryās first VASP-licensed custody service to offer BTC staking targeting institutional holders. šhttps://n.news.naver.com/article/009/0005476000?sid=101
@DSRV_Inc, a Babylon Genesis Finality Provider, now supports Bitcoin staking and custody in Korea.
This marks the countryās first VASP-licensed custody service to offer BTC staking targeting institutional holders. šhttps://n.news.naver.com/article/009/0005476000?sid=101