Binance Labs makes an investment in the Babylon bitcoin staking protocol

Binance Labs, the venture capital and incubation arm of Binance, makes an investment in a Bitcoin staking protocol that pioneers the concept of native Bitcoin staking. Babylon provides slashable economic security guarantees to the PoS chains while ensuring efficient stake unbonding to enhance liquidity for Bitcoin holders.

Babylon has raised $26M from Polychain Capital, Breyer Capital, Hack VC, Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital.

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