#一级项目
First-level project:
🔑 Project introduction:
Babylon, a revolutionary security sharing protocol, is bringing Bitcoin's unparalleled security to the decentralized world. The newly launched Bitcoin staking protocol allows Bitcoin holders to stake their Bitcoin in a trustless and self-custodial way, providing cryptoeconomic security for PoS systems. Babylon, provides Bitcoin security for Bitcoin L2.
🔒 Staking yield:
Babylon allows Bitcoin holders to lock Bitcoin in the Bitcoin chain, providing security for the POS consumer chain, and the POS consumer chain will pay a "protection fee" for this. The income of the pledger comes from the Babylon chain's native token ($BBN) reward and the reward of the POS consumer chain's native token inflation. The Bitcoin staking yield will depend on the size of the Bitcoin locked position and the number of POS consumer chains that rent the Bitcoin network security through the Babylon protocol.
Very good first-level project, due to restrictions, I won't say much, interested friends know what to do? (Qingning personal homepage)!
