🎉 Babylon has just secured $70.00M in its latest funding round! 🎉
🔹 About: Babylon pioneers a Bitcoin staking protocol to enhance security for Proof of Stake (PoS) networks and DApps, allowing Bitcoin holders to stake their assets and reinforce PoS chains without extra energy cost. Founded by Professor David Tse from Stanford University, Babylon aims to bring Bitcoin’s security to all PoS blockchains. Babylon is a community-led asset management protocol built on the Ethereum network. It enables users to invest in decentralized finance (DeFi) together. The protocol is transparent, non-custodial, and governed by the community through a two-layer system. Participants create “Gardens” where they deposit capital, suggest investment strategies, and vote on them. Rewards are distributed based on contributions.
🔹 Lead Investors: Polychain Capital, Hashkey Capital, Binance Labs, Paradigm, OKX Ventures and many more.
🔹 Total Raised: $96.00M.
🔹 Project Category: DeFi, Bitcoin Staking, LSDfi.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#DEFI #BinanceTurns7 #bitcoin #Web3 #Staking $BTC