Recently, the market has been indignant about Babylon's airdrop plan, which is actually understandable. After all, everyone's expectations were high at the beginning, benchmarking against #Eigen's existence. However, the current market liquidity is worrying, and under the backdrop of Trump's tariffs, the situation has been deteriorating. It makes sense to shrink the front lines and compress selling pressure for the long-term healthy development of the project. We have also staked a considerable amount, and the airdrop quantity and pre-market price are indeed frustrating. But as rational investors, we might have more confidence when we look at Babylon's long-term development strategy. We know that #BTC, as a reserve asset, has never been able to release its potential trillion-dollar liquidity, which is a desecration of the crypto market. Babylon Genesis is built around this pain point, constructing the underlying infrastructure to realize the grand blueprint of BTCFI through Bitcoin staking and liquidity construction, aiming to make Bitcoin not just a 'store of value' but an asset class that can actively participate in the DeFi ecosystem. Its three developmental phases are worth in-depth exploration, allowing us to view its value from a longer-term perspective.

Phase One: The Core Layer of Bitcoin Staking • The core function of Babylon Genesis is to allow Bitcoin holders to participate in staking and provide security for other blockchains. • Through Bitcoin timestamps, Genesis provides trustworthy time information for different blockchains, ensuring the security of transactions and states. • Bitcoin holders can earn yields by staking BTC without needing to transfer their coins to other chains, reducing security risks. Phase One is basically already complete and is a very important step. Currently, Babylon's TVL has reached 4.3 billion USD, and the staking market value ranks 10th among all PoS chains, accounting for only 0.27% of Bitcoin's market value (with greater future potential). BTC has primarily been a 'store of value' asset, while Babylon makes BTC 'usable' and able to generate yields, which is very attractive to long-term investors.

Phase Two: The Liquidity Center for Bitcoin • In this phase, Genesis will not only be a security layer but also become the liquidity hub for Bitcoin DeFi (BTCFi). • Main functions include: • DEX (Decentralized Exchange): Providing a trading market specifically designed for BTC. • LST (Liquid Staking Token) Minting: Users can stake BTC and receive tradable LST (similar to stETH for ETH). • BTC Staking and Lending: Users holding BTC can borrow against their collateral, increasing capital efficiency. • Re-staking: Users can use staked BTC to participate in more DeFi protocols and earn extra yields. • DeFi Vault: Helping users to automatically manage funds to improve return rates. • Reward Center: Distributing the profits from BSN (Bitcoin Security Network) to BTC stakers. Phase Two is currently being actively developed by Babylon, which will encourage BTC to no longer just lie coldly in wallets but to become the core asset of the entire DeFi ecosystem, bringing new investment opportunities, especially unlocking trillions of dormant assets and generating at least hundreds of billions in incremental funds, undoubtedly injecting a new source into the current market.

Phase Three: Expanding to a Larger Blockchain Ecosystem

• In this phase, Genesis will become an important part of the entire Bitcoin ecosystem and expand to EVM compatibility, supporting more DeFi protocols. • Key highlights: • More DeFi applications for BTC staking will emerge, such as more DEXs, lending, liquidity pools, etc. • Further optimization of BTC staking yields will provide Bitcoin holders with more ways to earn money. • Cross-chain bridge upgrades will allow BTC to circulate more securely between different blockchains (such as Cosmos, Ethereum). As the ultimate form and appearance of future development, the BTCFI ecosystem is still in its early stages, and Babylon Genesis is expected to become the 'heart' of this market, leading BTC staking and liquidity management. The potential is self-evident; the larger the market, the larger the scale and the more opportunities.