BabylonLabs: A Rising DeFi Titan Secures $5.8 Billion in Bitcoin Staking

BabylonLabs has solidified its place among the top decentralized finance (DeFi) protocols, ranking as the 9th-largest by total value locked (TVL). With 57,288.84 BTC staked, valued at approximately $5.8 billion, Babylon’s innovative Bitcoin staking solution is transforming Bitcoin’s utility in the DeFi space.

Key Achievements: Mainnet Phase-1

Babylon’s Bitcoin Staking platform serves as the third native use case for Bitcoin, following payments and store of value. The completion of Cap-3, marking the end of Mainnet Phase-1, delivered impressive results:

Total BTC Staked: 57,288.84 BTC

Number of Stake Delegations: 144,190

Total Stakers: 135,290

This phase was underpinned by contributions from key Finality Providers, including:

Lombard Finance: 23,186.13 BTC

Solv Protocol: 10,242.42 BTC

PumpBTC: 5,597.16 BTC

Bedrock DeFi: 4,159.93 BTC

Lorenzo Protocol: 2,127.83 BTC

Hex Trust: 2,086.05 BTC

These providers have played a pivotal role in driving Babylon’s adoption and securing its network.

Looking Ahead: Mainnet Phase-2

With Phase-1 concluded, Babylon is preparing to launch its Proof-of-Stake (PoS) chain in Phase-2. This new chain will be secured by the Bitcoin staked during Phase-1, further enhancing:

Network Security: Bitcoin-backed staking adds unparalleled security to the protocol.

Utility for Bitcoin Holders: By staking BTC, users can actively participate in securing the network while earning rewards.

Decentralized Governance: The new PoS chain will empower stakers to play a more active role in protocol decision-making.

Shaping the Future of Bitcoin in DeFi

BabylonLabs’ approach marks a paradigm shift in Bitcoin’s role within the decentralized ecosystem. Traditionally viewed as a store of value or payment method, Bitcoin is now being actively utilized as a staking asset, unlocking new opportunities for holders.

With over 135,000 stakers already onboard, Babylon’s growing community reflects confidence in its vision. By bridging Bitcoin’s security with DeFi’s innovation, Babylon is paving the way for Bitcoin to play a more dynamic role in decentralized finance.

As the protocol advances into Mainnet Phase-2 and beyond, BabylonLabs is set to remain a trailblazer, driving further adoption and reshaping the DeFi landscape.

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FAQs

What makes BabylonLabs’ Bitcoin staking unique in the DeFi space? BabylonLabs introduces a third major use case for Bitcoin—staking—beyond its traditional roles as a payment method and store of value. Its Bitcoin-backed Proof-of-Stake (PoS) model enhances network security while allowing BTC holders to earn rewards and actively contribute to decentralized governance.

How has BabylonLabs performed during its Mainnet Phase-1? During Mainnet Phase-1, BabylonLabs successfully staked 57,288.84 BTC (valued at $5.8 billion) across 144,190 delegations, with over 135,290 stakers participating. This milestone demonstrates the protocol's rapid adoption and potential in the DeFi ecosystem.

What’s next for BabylonLabs after Mainnet Phase-1? In Mainnet Phase-2, BabylonLabs plans to launch a Bitcoin-backed PoS chain. This will leverage the staked BTC from Phase-1 to improve network security, enhance Bitcoin’s utility in DeFi, and empower decentralized governance, positioning Bitcoin as a more dynamic asset in the ecosystem.

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