Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World
TORTOLA, British Virgin Islands, April 10, 2025 (Bitwire) -– Babylon Genesis, the world's first L1 blockchain secured by Bitcoin, officially launches today, representing a historic moment for Bitcoin utility. This launch cements the Babylon Bitcoin staking protocol as the foundational infrastructure layer for Bitcoin and the most impactful staking solution in the web3 ecosystem, transforming idle Bitcoin into the backbone of the decentralized economy and unlocking its full utility.
The Babylon protocol addresses the fundamental issues of two largely disconnected halves of the decentralized ecosystem: the idle potential of Bitcoin and Web3's demand for security, liquidity, and active users. With the groundbreaking Babylon Bitcoin staking protocol, Bitcoin holders can now safely stake their assets to provide security and liquidity to other decentralized networks and earn rewards in return, all without giving up custody of their Bitcoin. This way, the value and user base that Bitcoin captured through mainstream adoption can also be channeled to other decentralized systems, resulting in a more united decentralized world and accelerating its path towards mainstream adoption.
During Phase-1, over 57000 BTC were staked on the Babylon protocol, showing strong momentum on the Bitcoin side. Bitgo, one of the top-3 largest qualified custodian for crypto assets, recently announced that they will be supporting BTC staking as well as custody and staking for BABY, Babylon Genesis' native token. Anchorage Digital, another top institutional crypto custody provider, also announced that they will be supporting BTC staking through the Babylon Bitcoin staking protocol, as well as BABY staking.
Further, leading wallet providers like Binance Wallet, OKX Wallet, UniSat, and Xverse are going to support Bitcoin staking from day 1.
Babylon Genesis represents the successful completion of the second phase in a three-phase launch, and introduces Bitcoin's security to the broader blockchain ecosystem. The blockchain will serve three essential functions:
The very first Bitcoin Secured Network (BSN): Uses Bitcoin staking and timestamping to leverage Bitcoin security. Bitcoin Timestamping not only protects against long-range attacks, it enables faster unbonding times (~50 hours for BABY stake, ~7 days for Bitcoin stake).
Control plane: Coordinating other BSNs with Bitcoin to help them access Bitcoin's security and liquidity with minimal integration efforts.
Liquidity hub: Securely manages Bitcoin liquidity via on-chain applications.
Babylon Genesis's Bitcoin traction, benefits to other decentralized networks, and its easy integrations, have attracted adoptions from many networks who have committed to becoming BSNs like Osmosis, TAC, BOB and Corn.
Babylon Genesis also facilitates rich on-chain dapps, including:
Tower: A decentralized exchange (DEX) for BTCFi.
Satlayer: A BTC restaking protocol & BABY liquid staking token (LST) solution
Escher: A BABY LST protocol built for DeFi.
Milkyway: A modular BABY staking portal for liquid staking and restaking.
Further, Babylon Genesis will be supported by bridges, including IBC Eureka (Skip-Go), Union IBC, and Axelar (via Squid), to help interoperability across multiple blockchain ecosystems.
Babylon Genesis is powered by well-balanced tokenomics. 8% annual inflation, with half going to BTC stakers, and the other half going to BABY stakers. The token distribution focuses on long-term building. 4-year unlocking on Investor and team and advisor and no staking of locked tokens in year-1.
On top of the many BSNs and wallet providers committed to supporting Babylon Genesis and Babylon Bitcoin staking protocol, the Babylon ecosystem is launching with a robust lineup of over 15 leading LSTs (like Lombard, Solv, Pump and Bedrock), and over 250 Finality Providers (FPs, like P2P, Kiln, Chorus One, Figment and Galaxy) to help drive adoption and liquidity from launch.
'Bitcoin has always been the benchmark for security, but until today, that security has been limited to the Bitcoin network itself,' said Fisher Yu, Co-Founder of the Babylon project. 'Through Babylon Genesis, Bitcoin is evolving from an underutilized asset into a dynamic cornerstone of the broader digital economy.' For the first time, Bitcoin's unmatched security resources are securely linked to the wider blockchain ecosystem, providing shared security, liquidity, and utility without compromising self-custody. This launch marks a pivotal moment where Bitcoin's economic gravity extends beyond its own chain.'
For a deep dive into the three facets of Babylon Genesis, read more here.
Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
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