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Babylon is a staking protocol that connects $BTC holders with the demand for network security from Proof-of-Stake (PoS) systems, such as PoS networks, Layer 2 solutions, and others. The project raised $96 million in investments from Binance Labs, Polychain Capital, Paradigm, HashKey Capital, and others. Recently, the project announced the launch of its Mainnet along with a staking program featuring a points system. Staking details: It will operate on a First-Come, First-Served (FCFS) basis with a limit of 1,000 $BTC; By making a deposit, you lock your $BTC for 15 months with an early unlock option available after 7 days; Minimum deposit amount: 0.005 $BTC ($304.5); Maximum deposit amount: 0.05 $BTC ($3,044.9). Points will be awarded starting from the second phase. Each block will have 3,125 points allocated, which will be distributed proportionally among users. https://btcstaking.babylonlabs.io/
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