Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World
The Babylon protocol addresses the fundamental issues of two largely disconnected halves of the decentralized ecosystem: the idle potential of Bitcoin and Web3's demand for security, liquidity, and active users. With the groundbreaking Babylon Bitcoin staking protocol, Bitcoin holders can now safely stake their assets to provide security and liquidity to other decentralized networks and earn rewards in return, all without giving up custody of their Bitcoin. This way, the value and user base that Bitcoin captured through mainstream adoption can also be channeled to other decentralized systems, resulting in a more united decentralized world and accelerating its path towards mainstream adoption.
During Phase-1, over 57000 BTC were staked on the Babylon protocol, showing strong momentum on the Bitcoin side. Bitgo, one of the top-3 largest qualified custodian for crypto assets, recently announced that they will be supporting BTC staking as well as custody and staking for BABY, Babylon Genesis' native token. Anchorage Digital, another top institutional crypto custody provider, also announced that they will be supporting BTC staking through the Babylon Bitcoin staking protocol, as well as BABY staking.
Further, leading wallet providers like Binance Wallet, OKX Wallet, UniSat, and Xverse are going to support Bitcoin staking from day 1.
Babylon Genesis represents the successful completion of the second phase in a three-phase launch, and introduces Bitcoin's security to the broader blockchain ecosystem. The blockchain will serve three essential functions:
The very first Bitcoin Secured Network (BSN): Uses Bitcoin staking and timestamping to leverage Bitcoin security. Bitcoin Timestamping not only protects against long-range attacks, it enables faster unbonding times (~50 hours for BABY stake, ~7 days for Bitcoin stake).
Control plane: Coordinating other BSNs with Bitcoin to help them access Bitcoin's security and liquidity with minimal integration efforts.
Liquidity hub: Securely manages Bitcoin liquidity via on-chain applications.
Babylon Genesis's Bitcoin traction, benefits to other decentralized networks, and its easy integrations, have attracted adoptions from many networks who have committed to becoming BSNs like Osmosis, TAC, BOB and Corn.
Babylon Genesis also facilitates rich on-chain dapps, including:
Tower: A decentralized exchange (DEX) for BTCFi.
Satlayer: A BTC restaking protocol & BABY liquid staking token (LST) solution
Escher: A BABY LST protocol built for DeFi.
Milkyway: A modular BABY staking portal for liquid staking and restaking.
Further, Babylon Genesis will be supported by bridges, including IBC Eureka (Skip-Go), Union IBC, and Axelar (via Squid), to help interoperability across multiple blockchain ecosystems.
Babylon Genesis is powered by well-balanced tokenomics. 8% annual inflation, with half going to BTC stakers, and the other half going to BABY stakers. The token distribution focuses on long-term building. 4-year unlocking on Investor and team and advisor and no staking of locked tokens in year-1.
On top of the many BSNs and wallet providers committed to supporting Babylon Genesis and Babylon Bitcoin staking protocol, the Babylon ecosystem is launching with a robust lineup of over 15 leading LSTs (like Lombard, Solv, Pump and Bedrock), and over 250 Finality Providers (FPs, like P2P, Kiln, Chorus One, Figment and Galaxy) to help drive adoption and liquidity from launch.
'Bitcoin has always been the benchmark for security, but until today, that security has been limited to the Bitcoin network itself,' said Fisher Yu, Co-Founder of the Babylon project. 'Through Babylon Genesis, Bitcoin is evolving from an underutilized asset into a dynamic cornerstone of the broader digital economy.' For the first time, Bitcoin's unmatched security resources are securely linked to the wider blockchain ecosystem, providing shared security, liquidity, and utility without compromising self-custody. This launch marks a pivotal moment where Bitcoin's economic gravity extends beyond its own chain.'
For a deep dive into the three facets of Babylon Genesis, read more here.
Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gizmodo
25 minutes ago
- Gizmodo
A Viral Question Is Puzzling Bitcoin Fans: Why Isn't the Price Rising?
A question is going viral on social media, reflecting the confusion shared by Bitcoin skeptics and believers alike. 'Can anyone explain to me why companies are buying billions of dollars of Bitcoin every week and the price is virtually unchanged over the last 6 months?' one user posted on X on June 27. 'Explain it to me like I'm 5.' Can anyone explain to me why companies are buying billions of dollars of bitcoin every week and the price is virtually unchanged over the last 6 months? Explain it to me like I'm 5. — ₿itcoin Cam (@btctmac) June 27, 2025The post quickly generated nearly two million views because it strikes at the heart of Bitcoin's strange new reality. The world's most famous cryptocurrency hit an all time high of $111,814 on May 22, according to data firm But since then, it has stagnated. It pulled back and is now trading around $106,000. Despite a wave of big money flowing in from companies like MicroStrategy, hedge funds, and even foreign governments, the price has barely moved. 🥁 The BITCOIN 100 List 👇 6/30/2025 ✅ 20 companies increased their Bitcoin treasury (+14,200 BTC)✅ The Top 100 companies HODL nearly 850,000 Bitcoin 👇 — HODL15Capital 🇺🇸 (@HODL15Capital) June 30, 2025With that kind of demand, you would expect prices to skyrocket. Strategy has acquired 4,980 BTC for ~$531.9 million at ~$106,801 per bitcoin and has achieved BTC Yield of 19.7% YTD 2025. As of 6/29/2025, we hodl 597,325 $BTC acquired for ~$42.40 billion at ~$70,982 per bitcoin. $MSTR $STRK $STRF $STRD — Michael Saylor (@saylor) June 30, 2025But they have not. Why? To understand what's happening, you have to understand what Bitcoin has become: digital gold. People primarily buy it to hold it for the long term, not to spend it. When large investors buy Bitcoin, they usually transfer it off exchanges and lock it away in secure 'cold storage' wallets. This creates a strange situation. A huge amount of Bitcoin is being purchased, but very little of it is being actively traded. While this reduces the available supply, it does not automatically push the price up unless a rush of new, speculative buyers enters the market. Right now, that rush has not come. For every motivated buyer, there seems to be an equally motivated seller. 'Somebody else is selling it,' says legendary financier Jim Chanos, famous for his winning bet against Enron. Somebody else is selling it. I explained it like you were two. It's also the explanation if you were a genius. — Clifford Asness (@CliffordAsness) June 27, 2025The explanation is simple supply and demand. 'It's because the sellers are just as motivated to sell at current prices as buyers are to buy,' explains Peter Schiff, chief economist & global strategist at and one of the most fervent critics of Bitcoin maximalists. The question was why hasn't all the buying caused the price of Bitcoin to go up. It's because the sellers are just as motivated to sell at current prices as buyers are to buy. — Peter Schiff (@PeterSchiff) June 27, 2025While Bitcoin has been stuck in place, stablecoins have become the real stars of the crypto world. A stablecoin is a type of cryptocurrency designed to hold a steady value, usually pegged one to one with the U.S. dollar. They are not meant to be a speculative investment. Instead, they are designed to be used. Think of them as the Venmo or PayPal of crypto, but usable anywhere in the world, 24/7, without needing a bank. And their usage is exploding, with transaction volumes now exceeding trillions of dollars annually across major stablecoins like USDC and USDT. With the recent passage of the 'Genius Act,' which provides a clear regulatory framework, both Main Street users and Wall Street banks are adopting stablecoins for everything from daily savings to international transfers, moving money faster than the traditional SWIFT system. This is giving crypto real world utility, and Bitcoin isn't really part of that story. Simple. It's a hedge. A long term bet against inflation and the devaluation of traditional currencies. For large corporations and even some governments, buying Bitcoin is like buying an insurance policy. It's a vault where you can stash a portion of your treasury in case of a global economic crisis. That vault isn't useful for buying groceries, but it might be a lifesaver down the road. This is why the price isn't flying despite the buying frenzy. The demand is defensive, not speculative. The market isn't treating Bitcoin like a high growth tech stock anymore. It's treating it like an insurance policy. Crypto is now splitting into two distinct worlds: One is a bunker. The other is the currency being used in the world outside. And right now, all the action is happening outside.
Business Insider
38 minutes ago
- Business Insider
Botanix Launches Mainnet to Power the Bitcoin Economy with Chainlink, Fireblocks, GMX, Dolomite and Others
New York, United States, July 1st, 2025, Chainwire Botanix is the first and only EVM-equivalent Bitcoin L2 that is decentralized from the start meaning no single entity, including Botanix Labs, can unilaterally influence or control the network as the network is run by a growing federation of industry-leading node operators. Users can now trade, lend, borrow, stake, pay, LP, leverage, go short, go long, and stay stable all in bitcoin on Bitcoin, with an expanding ecosystem of Bitcoin-native applications. Launching today, Bitcoin 2100 is a retro-futuristic immersive experience where players can earn bitcoin by exploring a world built on Bitcoin. Each house in the experience highlights a live app on the Botanix network, making it a fun way to discover what's possible when Bitcoin becomes programmable. Botanix Labs, the protocol research team developing Botanix, the Bitcoin-based blockchain that powers the Bitcoin economy, today announced the launch of Botanix mainnet, with live applications including GMX and Dolomite, and ecosystem partners such as Chainlink and Fireblocks now active on the network. This milestone also marks the launch of new Bitcoin-native applications committed to building exclusively on the network, including Arch, Bitzy, Palladium, and Rover. With the launch of Botanix, Bitcoin users experience a significant improvement in transaction times, with block times reducing from 10 minutes to five seconds, and $0.02 transaction fees on average. Mainnet goes live just days after Botanix officially transitioned governance and consensus to a 16-node founding federation of independent node operators, including Galaxy, Fireblocks, Alchemy, Antpool, XBTO, Kiln, Chorus One, and others. With this transition and the support of the Spiderchain, a novel Bitcoin scaling cryptographic primitive, Botanix becomes the first and only secure Bitcoin-based blockchain that is decentralized from inception, which means no single entity, including Botanix Labs, has control over the network. Botanix expects the operator set to expand beyond 100 in 2026. 'We've spent the last two years building Botanix to give Bitcoin real utility without compromising on self-custody,' said Willem Schroé, CEO and Co-Founder of Botanix Labs. 'Too many Bitcoiners have been burned by centralized platforms, which is why Botanix is fully decentralized at launch. No single party, including us, can touch a user's Bitcoin, and that's why I'm incredibly excited to see mainnet go live and finally put real tools into the hands of Bitcoiners. If we want a world that runs on Bitcoin, we have to build systems that honor its core principles of self-custody, open participation, and global fault tolerance.' As part of the mainnet launch, Botanix is also introducing 'Bitcoin 2100', a retro-futuristic immersive experience that invites users. Players can collect free bitcoin, denominated in sats, by playing in a stylized world set in the year 2100, where Bitcoin has become the rails of a new financial system. Each house within the experience represents a different live application on the Botanix network, offering a creative and engaging way for users to discover what's possible when Bitcoin becomes programmable. Both mainnet and Bitcoin 2100 are live beginning today. "Botanix adopting Chainlink is a significant step towards redefining what's possible for Bitcoin,' said Johann Eid, Chief Business Officer at Chainlink Labs. 'Botanix developers are now equipped to build advanced applications and unlock new utility for Bitcoin. This is a pivotal moment for the evolution of Bitcoin finance and the broader Bitcoin economy." Botanix testnet has completed over 26M transactions since its launch in December 2024. Founded in 2023, Botanix Labs is the protocol research and development team that initiated and coined the Spiderchain protocol and developed Botanix, an EVM-equivalent Bitcoin L2. With Botanix fully decentralized and independently operated, Botanix Labs contributes through research, developer tooling, and ecosystem growth. Contact Margaret Botanix
Bloomberg
an hour ago
- Bloomberg
Bitcoin Treasuries: Inflation Hedge or Hype-Driven Bubble?
On this episode of Merryn Talks Money, we explore why companies are adding crypto to their balance sheets and what it means for investors. By Save Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify You've heard of Bitcoin, but have you heard of 'Bitcoin treasuries?' From Japan's MetaPlanet to UK firms like Coincilium and The Smarter Web Company, 61 publicly listed companies have now adopted the strategy of holding Bitcoin on their balance sheets—not just as a speculative bet, but as a hedge against inflation and a way to lure investors hungry for crypto exposure.
