unemployment; defi farming on multiple chains | smoker https://bento.me/ompong


Significance of the Launch:

- Phase-1 provides hope for bridging the crypto world with the mainstream
- There are three realms: mainstream, Bitcoin, and altcoins
- While innovation thrives in the altcoin realm, its growth is constrained by limited capital, security, liquidity, users, and adoption


- Bitcoin leads crypto adoption in the mainstream realm and possesses the capital, security, and liquidity that altcoins lack.

- However, the connection between Bitcoin and altcoin realms is weak, limiting Bitcoin's ability to empower altcoins.




- Babylon aims to create Bitcoin use cases that empower the altcoin realm, bridging gaps in capital, security, liquidity, users, and adoption while giving the mainstream more reasons to adopt Bitcoin.


Diverse Participation:

- The Phase-1 launch demonstrates that Bitcoin and mainstream realms are ready to embrace altcoins.




- Phase-1 stakers come from various backgrounds, including small and large Bitcoin holders, retail investors, and institutions, showcasing the potential for consensus in connecting with the altcoin realm.


Phase-1 Milestone

Babylon has successfully completed Phase-1 of its Bitcoin staking protocol, achieving a Total Value Locked (TVL) of $6 billion. While this is significant, Bitcoin staking infrastructure is still in its early stages and lacks broad support, indicating even greater potential ahead