🚀 Exciting times for Bitcoin enthusiasts! Babylon has unveiled its layer-1 blockchain "Genesis", marking a new era for BTC staking. With over $4 billion locked in, BTC holders can now earn yield while boosting security and liquidity for proof-of-stake networks. 🌐
Genesis acts as a BTC staking network, coordinating other networks and providing liquidity to decentralized apps. Rewards are split between BTC and BABY stakers, Babylon's native token. This innovative approach aims to activate idle BTC in wallets, channeling it into the broader crypto ecosystem.
What are your thoughts on BTC staking? Share below! 👇