According to BlockBeats, on September 13, Pencils announced a partnership with Babylon, a self-hosted Bitcoin staking protocol. As a leading protocol in the Farming track, Pencils is actively developing the Babylon ecosystem.
Pencils already supported Solv Protocol before the launch of the Babylon mainnet, and more than $150 million of SolvBTC has been staked on the Pencils platform. After the launch of the Babylon mainnet on August 22, Pencils plans to connect to core protocols such as Lorenzo Protocol, Stakestone, and Lombard Finance.
Pencils provides users with a convenient channel to participate in Babylon through deep integration and enhances the vitality of the Babylon ecosystem. Pencils is currently conducting a token sale, which will officially start on September 18, and the pre-registration channel has been opened on the tokensoft platform.