Babylon can provide secure, cross-chain-free, and custody-free native staking solutions for PoS chains including BTC layer2, and promote cross-chain interoperability. It is often compared to the Eigenlayer of the Ethereum ecosystem.
JinseFinanceHow does Babylon work? What is the difference between Babylon and Eigenlayer? What are the potential highlights of Babylon ecosystem? What are the weaknesses of Babylon?
JinseFinanceBabylon is currently the largest staking project in the Bitcoin ecosystem. Users can complete decentralized BTC staking through Babylon and unlock BTC staking income.
JinseFinanceWill the complex layering consisting of numerous LSD and LRT protocols become the biggest black swan in the future of blockchain? Is their business logic reasonable? This article will mainly discuss Babylon. After reading this article, you will solve the above doubts.
JinseFinanceThe Babylon protocol aims to build a similar tower for the various PoS chains, unifying them under one roof. In terms of narrative, it seems no less than Eigenlayer, the defender of Ethereum.
JinseFinanceThis week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.
JinseFinanceThe biggest highlight of the Babylon project is to enable trustless staking of BTC.
JinseFinanceThis article attempts to describe what Babylon is in the simplest terms.
JinseFinanceBabylon is committed to creating BTC staking, allowing BTC holders to share over $1.3 trillion in economic security with other networks in exchange for staking returns without leaving the Bitcoin network itself.
JinseFinanceBlabylon may be a big bug that cannot be ignored this year.
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