Binance Labs has invested in Babylon to enhance Bitcoin staking.
#Babylon empowers users to stake their bitcoins on Proof of Stake (PoS) blockchains, allowing them to earn yields without the need for third-party custody, bridge solutions, or wrapping services. It provides slashable economic security guarantees to PoS chains and ensures efficient stake unbonding, enhancing liquidity for #Bitcoin holders. #BinanceLabs has not disclosed the investment amount.
š binance.com/en/blog/ecosystem/binance-labs-invests-in-babylon-to--support-the-advancement-of-bitcoin-staking-7487814519531776320