Babylon: Restaking on the Bitcoin Ecosystem Receives Investment from Binance Labs

Babylon is a pioneering blockchain project built on the Cosmos SDK, leveraging Bitcoin’s security to enhance the safety of Proof-of-Stake (PoS) systems. The project enables users to stake Bitcoin (BTC) directly without intermediaries, bridges, or wrapped tokens, introducing a novel approach to utilizing BTC as a staking asset. Babylon aims to merge Bitcoin’s strength with PoS chains, creating a secure, efficient, and decentralized blockchain ecosystem.Slogan: “Harnessing Bitcoin, Securing Blockchain.

Analysis of Babylon’s Key

• Babylon allows users to stake BTC without intermediaries, enabling profit generation while bolstering security for PoS chains.
• Utilizes Bitcoin Timestamping to send timestamps from PoS chains to Bitcoin, ensuring immutability and reducing security costs.
• Requires no bridges or wrapped tokens, offering a secure and self-managed staking experience.
• Built on Cosmos SDK, Babylon connects with multiple chains via IBC, expanding its application scope.
• Led by experts like Mingchao Yu (CTO, formerly at Dolby) and backed by Binance Labs, Polychain Capital, and Paradigm.

Achievements to Date

• Impressive Fundraising: Raised $96 million, including $70 million in a July 2024 funding round with participation from Binance Labs and Polychain Capital.
• Testnet Launch: Deployed a testnet on BTC Signet in February 2024, offering staking experiences and NFT Pioneer Passes.
• Strategic Partnerships: Secured investment from Binance Labs (February 2024) and integrated with Lorenzo Protocol, expanding BTC staking applications.
• Successful Airdrop: The BABY token airdrop program, running from February 25, 2025, to March 15, 2025, attracted significant community interest.

Babylon Chain’s Core Products

1. Bitcoin Staking Protocol: Enables users to stake BTC to secure PoS chains and earn rewards without intermediaries.
2. Bitcoin Timestamping Protocol: Sends data from PoS chains to Bitcoin, ensuring transparency and security through timestamps.

⛕ How Does Babylon Chain Operate?

• Direct BTC Staking: Users lock BTC into Babylon’s staking contracts, using it to secure PoS chains without moving it through bridges.
• Timestamping on Bitcoin: The timestamping protocol sends data summaries from PoS chains to the Bitcoin blockchain, leveraging BTC’s immutability to prevent attacks.
• Cosmos SDK Connectivity: Babylon uses Cosmos SDK to interact with other PoS chains via IBC, fostering a flexible ecosystem.
• User Rewards: BTC stakers receive rewards from PoS chains, while these chains gain enhanced security from Bitcoin.
• Mainnet Development: Currently, Babylon is working toward its mainnet launch, promising a groundbreaking solution for staking and blockchain security.

With its unique features and notable achievements, Babylon is shaping the future of integrating Bitcoin with PoS systems, unlocking vast potential for the blockchain industry. Currently, the opportunity to acquire $BABY through the airdrop has ended, but there is still one way left: participating in the Babylon Xpool BingX on April 7, 2025.