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| $BABY |
$BABY Token Gains New Momentum in Bitcoin-Based DeFi
Babylon's native token, $BABY, is now fully functional on the BOB chain, a hybrid Layer 2 blockchain. BOB combines Bitcoin-level security with Ethereum's DeFi infrastructure. This expansion enhances $BABY's liquidity and utility across decentralized finance platforms.
Babylon Protocol allows users to stake native Bitcoin without wrapping it. Thanks to its multi-staking architecture, users can keep assets on the Bitcoin chain while participating in decentralized validator networks. This system synchronizes cross-chain data, locks assets, distributes rewards, and executes slashing when necessary.
BOB is the first Bitcoin Security Network (BSN) utilizing Babylon’s BTC finality layer while offering seamless DeFi functions. Users can now inject Bitcoin-based liquidity into DeFi platforms without relying on centralized exchanges or multisig bridges.
DeFi Opportunities and $BABY Ecosystem Growth
Launched on April 10, $BABY has expanded through a partnership with BOB. Users who claim ERC-20 rewards can directly engage in DeFi services on the BOB chain. They can provide liquidity on Uniswap v3 (Oku) or deploy liquidity concentration strategies using Gamma. Additionally, users can swap wBTC or Bitcoin LST with $BABY and use these assets as collateral on platforms like Euler.
BOB positions itself as the primary trading hub for $BABY, using Uniswap v3 pools for superior initial returns compared to Babylon Genesis Chain’s Tower DEX.
Bridging Solutions and Developer Ecosystem
BOB, through integration with Union Labs, has simplified bridging from Babylon Genesis Chain. Users can bridge $BABY using Keplr or Leaf wallets, needing only a small amount of ETH on BOB.
Future updates will enable seamless $BABY transfers back to Babylon Genesis Chain. Babylon Genesis, built on Cosmos SDK and IBC, serves as a control center providing security and liquidity to multiple BSNs. Developers familiar with Cosmos can deploy CW-20 smart contracts and access Babylon's SDK and RPC interfaces.
The Babylon and BOB collaboration marks a significant evolution in blockchain design, marrying Bitcoin's security with Ethereum DeFi’s scalability — setting a new standard for hybrid Layer 2 solutions.