Babylon has secured $70 million in funding to advance Bitcoin staking as a security backbone for Proof-of-Stake (PoS) systems. The Babylon protocol allows PoS systems to utilize Bitcoin for staking, which reduces inflation and enhances security compared to native tokens. IOSG Ventures, LD Capital, and other investors are backing Babylon, highlighting the potential of this innovation. Babylon aims to unlock liquidity for Bitcoin on-chain and push the frontier of Bitcoin innovation. The Babylon team, including members like Bera, is committed to this project.
LD Capital is extremely excited about investing in @babylon_chain! Babylon's protocol allows PoS systems to use Bitcoin for staking, reducing inflation and enhancing security compared to native tokens. https://t.co/I60qCqCXyh
am very bullish on bitcoin longer term there are a lot layer 2s emerging, but @BotanixLabs is one of the few that excites me doing some angel investing in key platforms of the buildout to express my bullishness on the spiderchain 🤝 https://t.co/hKMk6SOR3H
Super bullish on @BitlayerLabs 🚀 https://t.co/uTRY0nWZ5n
🐲IOSG Adventure: Invest in Babylon We are thrilled to announce that IOSG Ventures is backing @babylon_chain once again, a security and aggregation layer between any PoS chain and Bitcoin that enables BTC staking. The staked BTC remains on Bitcoin while Babylon uses its in-house… https://t.co/eQ0G5BcUL8
ICYMI: Babylon secures $70 million to turn Bitcoin into PoS security backbone Read the full article 👇 https://t.co/yxjnbOf4xI https://t.co/O4OD7a2inn
Excited to support the gang at Babylon, esp with one of our oldest friends and OG Bera @sina___v leading the charge on ecosystem growth now :) Babylon will unlock liquidity for BTC on-chain and we've got big plans for it on Bera. https://t.co/eq47eZeDjS
Bitcoin staking is a novel and fundamental primitive. We’re thrilled to work with @dntse and the Babylon team in pushing the frontier of Bitcoin innovation. https://t.co/KCfZiaSfjb
Bitcoin staking is a novel and exciting primitive. We’re thrilled to work with @dntse and the Babylon team in pushing the frontier of Bitcoin innovation. https://t.co/KCfZiaSfjb