Binance has recently announced @babylonlabs_io ( $BABY ) as the 14th project on its HODLer Airdrops page.
🔥Babylon is focused on enabling self-custodial Bitcoin staking directly on the Bitcoin Network to enhance the security of Proof-of-Stake blockchains. This innovative approach allows Bitcoin holders to stake their idle bitcoins to increase security for PoS chains while earning yield in the process.
👉For $BNB holders, this presents an opportunity to earn BABY tokens through Binance's retroactive airdrop program. The airdrop is designed to reward users who subscribed their BNB to Simple Earn or On-Chain Yields products during a specific time frame in March 2025.
👉What is Babylon?
Babylon is a blockchain project in the Cosmos Zone ecosystem, built around a Bitcoin staking protocol. It enhances decentralized Bitcoin-based security through three key aspects: BTC as a security asset, timestamping servers protected by Proof-of-Work, and censorship-resistant blockspace.
Babylon currently offers two protocols:
👉Bitcoin Staking: Enables BTC to be used as an economic security asset for any decentralized system through trustless staking and self-custody.
Babylon has received funding from YZi Labs. Binance co-founder Yi He stated that Bitcoin staking represents a major step forward in integrating BTC into the Proof-of-Stake (PoS) economy.
The investment from YZi Labs in Babylon reflects a strong commitment to supporting innovative projects and advancing real-world use cases
🔥How to Participate in the Babylon (BABY) HODLer Airdrop
Eligibility Criteria
To be eligible for the Babylon (BABY) airdrop, you must have subscribed your BNB to either Simple Earn (Flexible and/or Locked) or On-Chain Yields products from March 7, 2025, 00:00 (UTC) to March 12, 2025, 23:59 (UTC). If you had BNB in these products during this period, you're already qualified for the distribution.
👉Read more about #Babylon and #BinanceHodler in my recent Article on Binance Square: