Users who subscribe to capital preservation earning products (fixed and/or flexible) or participate in on-chain earning products using BNB between 08:00 on March 7, 2025, and 07:59 on March 13, 2025 (UTC+8) will receive airdrop allocations.
Token Circulation
Maximum token supply: 1,000,000,000 BAB
Total amount of HODLer airdrop tokens: 75,000,000 BABY (0.75% of the total supply of genesis tokens)
Circulating supply at the time of listing on Binance: 2,294,036,491 BABY (22.90% of total token supply)
What is Babylon
Babylon is a decentralized protocol focused on extending Bitcoin's security to a broader Web3 ecosystem through native Bitcoin staking. It operates without intermediaries, enabling staking functionality directly on the Bitcoin blockchain, providing users and developers with an innovative shared security architecture. In simple terms, Babylon allows Bitcoin holders to participate in a multi-chain ecosystem through staking while keeping their assets in their native state on the Bitcoin network, providing verifiable security for Proof-of-Stake networks. It is a secure bridge connecting Bitcoin to the decentralized world.
What is special about Babylon
Simplified on-chain interaction innovation
The core highlight of Babylon lies in its Bitcoin staking protocol, which achieves native BTC staking through a trustless architecture and cryptographic primitives. Users do not need to wrap assets or rely on intermediaries; they can stake BTC to PoS networks directly through the Babylon protocol, providing security support. For example, Bitcoin holders can directly secure the Cosmos chain without transferring assets out of the Bitcoin network. This design of native staking greatly simplifies the complexity of cross-chain interactions while retaining Bitcoin's decentralized characteristics.
Modularization and Ecological Coordination
Babylon's shared security architecture is highly modular and compatible with any PoS consensus mechanism. It offers flexibility and security to stakers through a configurable penalty mechanism and rapid unbonding features. As a potential largest staking capital pool, Bitcoin is activated through the Babylon protocol, injecting robust security into the entire Web3 ecosystem. Developers can leverage this modular design to easily integrate Bitcoin security into their own blockchains or applications, promoting multi-chain collaboration.
Project Background
Financing Situation
Babylon has raised a total of $96 million in funding, with investors including top institutions such as Binance Labs, Paradigm, and Polychain Capital, highlighting the market's recognition of its innovative technology and potential.
Development Plan
Funding will be used to optimize the performance of the Bitcoin staking protocol, shorten the unbonding period, and further enhance the protocol's security and efficiency. Babylon plans to expand support for more PoS networks (such as Ethereum, Solana, etc.) and introduce community governance features to allow BAB holders to participate in protocol upgrades and ecological decision-making. Additionally, the project will explore AI-driven security enhancement features to further improve user experience.
Overall
Babylon's unique value lies in its trustless Bitcoin staking mechanism, which 'abstracts' BTC security into an efficient and scalable shared security layer. It not only enables Bitcoin holders to seamlessly participate in a multi-chain ecosystem but also provides robust anti-attack capabilities for PoS networks. For instance, you can stake BTC with Babylon to provide security for other chains while enjoying rapid unbonding and configurable penalty protection. This feature of a 'Bitcoin security engine' gives Babylon a competitive edge in the Web3 infrastructure track, making it a potential leader in the fields of chain abstraction and shared security.
