⚡️ @Babylonlabs_io kicks off phase one of its self-custodial bitcoin staking mainnnet

Babylon, a #Bitcoin staking protocol, has successfully launched the first phase of its self-custodial mainnet. Users can now stake $BTC via smart contracts with 12,710 stakers already onboarded. Among projects that have joined #BTC staking on Babylon are @pStakeFinance, @Bedrock_DeFi, @SolvProtocol, and @Pumpbtcxyz among others. Babylon is backed by @Paradigm, @Polychain, @OKX_Ventures, and @Hack_vc among others with the total amount raised of $96M.

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