About
BABY
Ended--
Last price (USDT)
415.24K
24h total (USDT)
979.35K
Total vol (USDT)
2025-04-03 13:00:00 ~ 2025-04-10 09:30:00
Trading time (UTC+0)
2025-04-10 11:00:00 ~ 2025-04-10 15:00:00
Delivery time (UTC+0)
Total supply10.94B
Introduction
Babylon is a decentralized protocol that enables native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. The protocol implements an innovative shared security architecture, extending Bitcoin’s security model to a broader decentralized ecosystem. Through its architecture, BTC holders can participate in multiple staking operations while maintaining their assets on the Bitcoin network, providing verifiable security guarantees for the Bitcoin Security Network (BSN). Babylon Genesis is the first Bitcoin Security Network (BSN) to leverage Bitcoin’s security, serving as the control plane for orchestrating the security and liquidity of future BSNs. Built on the Cosmos SDK framework, Babylon Genesis introduces key innovations that enhance PoS security and interoperability, unlocking Bitcoin’s potential beyond its traditional role as a store of value.
[Initial Listing] Bitget Will List Babylon (BABY) in the Innovation and DeFi Zone!
We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 April 2025, 10:00 (UTC) Withdrawal Available: 11 April 2025, 11:00 (UTC) Spot Trading Link: BABY/USDT Introduction Babylon is a decentralized protocol that enables native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. The protocol implements a novel shared-security architecture that extends Bitcoin's security model to the broader decentralized ecosystem. Through its architecture, BTC holders can participate in multi-staking operations while maintaining their assets on the Bitcoin network, providing verifiable security guarantees to Bitcoin Secured Networks (BSNs). Babylon Genesis is the first Bitcoin Secured Network (BSN) to leverage Bitcoin's security and serves as the control plane for security and liquidity orchestration for future BSNs. Built on the Cosmos SDK framework, Babylon Genesis introduces key innovations for enhanced PoS security and interoperability, unlocking Bitcoin's potential beyond its traditional role as a store of value. Contract Address (Babylon Mainnet): https://www.mintscan.io/babylon Website | X | Telegram How to Buy BABY on Bitget Fee Schedule Price & Market Data 7-Days Limited-time Buy Crypto Offer: Buy BABY with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Babylon (BABY): Unlocking Bitcoin's Potential in the Proof-of-Stake Ecosystem
What is Babylon (BABY)? Babylon (BABY) is a decentralized protocol designed to enable native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. It does this through a unique architecture that uses Bitcoin scripts, custom-built modules, and a connection to a secondary blockchain called Babylon Genesis. It introduces a novel shared-security architecture that extends Bitcoin's robust security model to the broader decentralized ecosystem. By allowing BTC holders to participate in staking operations while maintaining their assets on the Bitcoin network, Babylon provides verifiable security guarantees to other networks that are parts of the Bitcoin Secured Networks (BSNs). With Babylon, users don’t have to give up control of their Bitcoin. They keep it in their own wallets, and the protocol ensures their BTC is being used in a secure and trustless manner. Who Created Babylon (BABY)? Founded in 2022, Babylon was established by Stanford Professor David Tse and Dr. Fisher Yu. ● Professor Tse is renowned for his contributions to engineering and has received prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. ● Dr. Yu is a blockchain security expert and tech entrepreneur, known for his impactful work in blockchain scaling and data availability. Together, they lead a team of consensus protocol researchers and experienced layer 1 engineers from around the world What VCs Back Babylon (BABY)? Babylon has attracted significant attention from the venture capital community. In December 2023, the protocol raised $18 million in a Series A funding round co-led by Polychain Capital and Hack VC. Other participants included Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital. In May 2024, Babylon secured an additional $70 million in funding led by Paradigm, with participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, and others. These investments underscore the confidence that prominent venture capital firms have in Babylon's vision and potential. How Babylon (BABY) Works Babylon's protocol allows Bitcoin holders to stake their assets on PoS blockchains without the need for wrapping or bridging, thereby maintaining the integrity and security of their BTC holdings. The process involves several key components: 1. Staking Bitcoin: BTC holders initiate staking by sending a transaction that locks their Bitcoin in a self-custodial vault. This setup ensures that the assets remain under the staker's control without reliance on third parties. 2. Validation on PoS Chains: ● Once the staking transaction is confirmed, the staker, or a delegated validator, can begin validating transactions on the PoS chain. It’s worth noting that stakers can delegate their voting power to validators who participate in the consensus process of other PoS chains. This delegation involves only the voting power; the actual BTC remains securely locked in the staker's vault. ● To synchronize PoS chains with the Bitcoin network, Babylon utilizes Bitcoin's timestamping feature. This process involves embedding snapshots of the PoS chain's state onto the Bitcoin blockchain, creating an immutable record that enhances security. It also facilitates faster unbonding periods, allowing stakers to withdraw their BTC more quickly compared to traditional PoS systems. ● Honest participation earns benefits, while malicious behavior, such as double-signing, can lead to penalties. 3. Security Mechanisms: Babylon employs Extractable One-Time Signatures (EOTS) and a covenant committee to enable slashing mechanism, which means that a portion of the staked BTC will be forfeited. If malicious behavior is detected, the protocol can enforce penalties, ensuring the integrity of the network. 4. Unstaking: To unstake, they can either wait for a predetermined time-lock to expire or submit an unbonding transaction, after which their BTC is unlocked and returned. This design ensures that stakers have a clear and secure path to retrieve their assets. BABY Goes Live on Bitget Babylon represents a major leap forward for both Bitcoin and the broader blockchain world. By enabling native Bitcoin staking to be used for enhancing the security of PoS chains, Babylon unlocks powerful new possibilities. Bitcoin holders can now earn incentives without giving up control of their assets, while PoS networks gain the benefit of Bitcoin’s unmatched security and liquidity. This trustless, decentralized model strengthens the entire Web3 ecosystem. With a solid foundation led by respected academics and backed by strong technical architecture, Babylon is well-positioned to become a critical part of the next generation of blockchain infrastructure. As the Babylon network grows, its native token, BABY, plays a central role in governance, transactions, and securing the ecosystem. For those interested in supporting the protocol or participating in its growth, BABY is now available for trading on Bitget. Take this chance to be part of a protocol that's redefining what Bitcoin can do. BABY on Bitget Pre-Market BABY is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 3 April, 2025 To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading Get BABY on Bitget Pre-Market now! BABY on Bitget Spot We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 April 2025, 10:00 (UTC) Withdrawal Available: 11 April 2025, 11:00 (UTC) Spot Trading Link: BABY/USDT Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
PumpBTC (PUMP): Transforming BTC Into a Multi-Chain Yield-Bearing Asset
PumpBTC (PUMP): Transforming BTC Into a Multi-Chain Yield-Bearing Asset What is PumpBTC (PUMP)? PumpBTC (PUMP) is a liquid staking solution for Bitcoin that allows BTC holders to stake their assets and earn yield while maintaining full liquidity. what-is-pumpbtc-pump-and-how-does-it-work What is PumpBTC (PUMP)? PumpBTC (PUMP) is a liquid staking solution for Bitcoin that allows BTC holders to stake their assets and earn yield while maintaining full liquidity. Unlike traditional staking, which requires locking assets, PumpBTC lets users keep their BTC liquid while still benefiting from staking rewards. The key innovation behind PumpBTC is its integration with Babylon, a decentralized system that enables trustless Bitcoin staking. This means BTC holders can stake their Bitcoin directly on the Bitcoin network without using wrapped tokens or intermediaries. Babylon then extends Bitcoin’s security model to other blockchain networks, which means that BTC is used in securing Proof-of-Stake (PoS) networks and other blockchain-based applications. Thanks to the integration with Babylon, PumpBTC allows BTC to be in users’ control while still being used to provide security for Bitcoin Secured Networks, which include blockchains, DeFi protocols, and infrastructure projects that need Bitcoin’s economic security. This approach transforms BTC from a passive asset into an active yield-generating tool while reinforcing the security of PoS blockchains. Who Created PumpBTC (PUMP)? While specific details about the founders of PumpBTC are not publicly disclosed, the platform's mission is clear: to provide BTC holders with opportunities to maximize yields through staking. What VCs Back PumpBTC (PUMP)? In October 2024, PumpBTC secured $10 million in seed funding. This round was co-led by SevenX Ventures and Mirana Ventures, with participation from UTXO Management and the Mantle Ecosystem Fund. The capital is earmarked for launching the BTC-fi Yield Vault, a DeFi-based Bitcoin liquidity vault designed to optimize yields for BTC holders. How PumpBTC (PUMP) Works PumpBTC is designed to be simple, secure, and highly efficient. The staking process follows a structured flow that ensures users can stake BTC, earn yields, and maintain liquidity across multiple blockchain ecosystems. 1. Depositing BTC Users start by depositing BTC into the PumpBTC protocol. The deposited BTC is held securely using Babylon’s trustless staking mechanism, ensuring that it remains under the user’s control and is never wrapped or converted into another asset. 2. Receiving PumpBTC Tokens After depositing BTC, users receive PumpBTC tokens in return. These tokens represent their staked BTC and can be freely used in DeFi applications across various blockchains, including EVM networks, Layer 2s, and Layer 3s. This means users are not locked into a single ecosystem and can maximize their yield opportunities. 3. Earning Yield from PoS Staking Staked BTC is used to secure PoS networks and Bitcoin Secured Networks through Babylon’s multi-staking system. These networks rely on Bitcoin’s security and economic weight to strengthen their consensus mechanisms. The yields generated from staking are then distributed to PumpBTC holders, allowing BTC holders to earn yield while their BTC remains secure. The yields come from Bitcoin’s ability to enhance PoS security, making it a valuable asset for securing these networks. The Annual Percentage Rate (APR) is determined by the economic security model of Babylon and similar PoS systems. 4. Points Aggregation Incentives PumpBTC also integrates various point systems to enhance user yields. Participants can earn: ● PumpBTC Points – The native points system that gives advantages to early adopters and liquidity providers. ● Babylon Points – Earned for securing PoS chains with BTC and contributing to Babylon’s staking ecosystem. ● FBTC Points – Related to Frax’s BTC integration. ● L2 Points – Earned for engaging with Layer 2 ecosystems. By accumulating these points, users increase their long-term yields and benefits within multiple blockchain ecosystems. 5. Redeeming BTC or Using PumpBTC in DeFi One of the biggest advantages of PumpBTC is instant liquidity. Users are not forced to keep their BTC locked; they can: ● Redeem their PumpBTC for BTC at any time (subject to withdrawal availability). ● Use PumpBTC in DeFi applications to earn additional yield through lending, borrowing, and liquidity pools. This flexibility makes PumpBTC a superior option compared to traditional BTC staking solutions that require long lock-up periods. PUMP Goes Live on Bitget PumpBTC is revolutionizing the way Bitcoin holders can earn passive income while contributing to blockchain security. By enabling BTC staking in PoS networks, it transforms Bitcoin from a passive store of value into an active, yield-generating asset without sacrificing liquidity. With its secure custody model, multi-chain integration, and innovative points aggregation system, PumpBTC ensures that users maximize their BTC’s earning potential while retaining full flexibility. PumpBTC is positioned to become a leading liquid staking solution for Bitcoin in the DeFi era. As adoption grows, early participants stand to benefit the most, whether through staking yields, liquidity incentives, or trading opportunities. For those looking to take advantage of this innovation, trading PUMP on Bitget offers a great way to get involved in the ecosystem early. PUMP on Bitget CandyBomb PUMP will come to Bitget CandyBomb, the first-of-its-kind tasks-and-airdrop platform by Bitget! Starting from 1 April 2025, 18:45 – 8 April 2025, 18:45 (UTC), you can grab tickets to share 1,299,000 PUMP simply by completing the given tasks! All you have to do is to go to Bitget CandyBomb, click on the [Join] button below the corresponding event, and complete any tasks you prefer. Complete Tasks to Get PUMP now! How to Trade PUMP on Bitget Listing time: April 1, 2025 Step 1: Go to PUMPUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade PUMP on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.
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