⚡ Babylon closes $18M Series A funding round led by Polychain Capital & Hack VC

Babylon, a bitcoin staking protocol under development, has raised $18M in a Series A funding round co-led by Polychain Capital and Hack VC. Additional round participants are Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital. The Babylon protocol will allow bitcoin holders to stake their coins on proof-of-stake blockchains and earn yield.

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