📘 Babylon Protocol: Staking Platform for Bitcoin

Bitcoin has been referred to as "digital gold" for years. However, there weren't many use cases beyond holding it passively. Babylon Protocol aims to change this situation.

🔍 What is Babylon?

Babylon Protocol is a decentralized infrastructure that allows users to stake their Bitcoins. Its main goal is to provide Bitcoin holders with the opportunity to earn passive income while also supporting PoS (Proof-of-Stake) systems on other chains with Bitcoin security.

🧠 How Does It Work?

Babylon's infrastructure establishes a staking system that operates on Bitcoin Layer 1. BTCs are not transferred directly, allowing users to stake without losing control of their assets.

🌐 What Problems Does It Solve?

Idle status of Bitcoin: BTC holders were simply holding their coins without using them. With Babylon, passive income can now be generated.

Security issues of new PoS projects: New chains may not initially have sufficient security. Babylon aims to secure these chains with BTC stakes.

Security - yield balance: With the immutability and security of BTC, a bridge is established between yield farming and staking yields.

🛡️ Security Approach

Babylon fully complies with the philosophy of “Not your keys, not your coins” by allowing staking without directly transferring BTCs to its own system. As long as users protect their private keys, they have complete control over their funds.

🤝 Partnerships and Roadmap

The Babylon team is working on integration efforts with projects in the Cosmos ecosystem. Over time, they plan to integrate with chains like Celestia and Polygon to offer more staking options with BTC. Additionally, Babylon aims for potential collaborations with restaking protocols like EigenLayer.

For those interested in examining the price chart, link👇