• bitcoinBitcoin (BTC) $ 117,384.00
  • ethereumEthereum (ETH) $ 3,760.30
  • xrpXRP (XRP) $ 3.07
  • tetherTether (USDT) $ 0.999964
  • bnbBNB (BNB) $ 786.47
  • solanaSolana (SOL) $ 175.56
  • usd-coinUSDC (USDC) $ 0.999810
  • staked-etherLido Staked Ether (STETH) $ 3,755.64
  • dogecoinDogecoin (DOGE) $ 0.216598
  • tronTRON (TRX) $ 0.326776
  • cardanoCardano (ADA) $ 0.754548
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,316.00
  • wrapped-stethWrapped stETH (WSTETH) $ 4,554.42
  • hyperliquidHyperliquid (HYPE) $ 41.84
  • suiSui (SUI) $ 3.72
  • stellarStellar (XLM) $ 0.402760
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,041.07
  • chainlinkChainlink (LINK) $ 17.46
  • bitcoin-cashBitcoin Cash (BCH) $ 568.11
  • hedera-hashgraphHedera (HBAR) $ 0.253011
  • wrapped-eethWrapped eETH (WEETH) $ 4,029.00
  • avalanche-2Avalanche (AVAX) $ 23.09
  • wethWETH (WETH) $ 3,760.08
  • litecoinLitecoin (LTC) $ 109.56
  • leo-tokenLEO Token (LEO) $ 8.95
  • the-open-networkToncoin (TON) $ 3.37
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • usdsUSDS (USDS) $ 0.999712
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 43.91
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,357.00
  • uniswapUniswap (UNI) $ 9.82
  • polkadotPolkadot (DOT) $ 3.75
  • moneroMonero (XMR) $ 308.12
  • bitget-tokenBitget Token (BGB) $ 4.50
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • pepePepe (PEPE) $ 0.000011
  • crypto-com-chainCronos (CRO) $ 0.142769
  • aaveAave (AAVE) $ 269.88
  • daiDai (DAI) $ 1.00
  • ethenaEthena (ENA) $ 0.590219
  • bittensorBittensor (TAO) $ 367.50
  • nearNEAR Protocol (NEAR) $ 2.61
  • ethereum-classicEthereum Classic (ETC) $ 21.12
  • pi-networkPi Network (PI) $ 0.416580
  • aptosAptos (APT) $ 4.43
  • ondo-financeOndo (ONDO) $ 0.938802
  • okbOKB (OKB) $ 48.03
  • internet-computerInternet Computer (ICP) $ 5.36
  • jito-staked-solJito Staked SOL (JITOSOL) $ 213.98
  • mantleMantle (MNT) $ 0.748880
  • kaspaKaspa (KAS) $ 0.093156
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,759.18
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.035065
  • bonkBonk (BONK) $ 0.000028
  • algorandAlgorand (ALGO) $ 0.250660
  • usd1-wlfiUSD1 (USD1) $ 0.999100
  • arbitrumArbitrum (ARB) $ 0.408277
  • vechainVeChain (VET) $ 0.024123
  • gatechain-tokenGate (GT) $ 17.33
  • cosmosCosmos Hub (ATOM) $ 4.37
  • render-tokenRender (RENDER) $ 3.81
  • fasttokenFasttoken (FTN) $ 4.58
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.214286
  • worldcoin-wldWorldcoin (WLD) $ 1.05
  • official-trumpOfficial Trump (TRUMP) $ 9.21
  • binance-staked-solBinance Staked SOL (BNSOL) $ 186.92
  • susdssUSDS (SUSDS) $ 1.06
  • skySky (SKY) $ 0.084825
  • sei-networkSei (SEI) $ 0.308458
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,280.22
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.677107
  • story-2Story (IP) $ 5.87
  • flare-networksFlare (FLR) $ 0.024257
  • filecoinFilecoin (FIL) $ 2.46
  • spx6900SPX6900 (SPX) $ 1.80
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,942.27
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,275.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.095998
  • jupiter-exchange-solanaJupiter (JUP) $ 0.510570
  • usdtbUSDtb (USDTB) $ 0.999852
  • kucoin-sharesKuCoin (KCS) $ 11.29
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,953.06
  • curve-dao-tokenCurve DAO (CRV) $ 1.02
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,022.80
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,058.13
  • usdt0USDT0 (USDT0) $ 1.00
  • blockstackStacks (STX) $ 0.741875
  • injective-protocolInjective (INJ) $ 13.52
  • nexoNEXO (NEXO) $ 1.32
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997670
  • celestiaCelestia (TIA) $ 1.74
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,960.89
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999800
  • optimismOptimism (OP) $ 0.693719
  • falcon-financeFalcon USD (USDF) $ 0.999308
  • conflux-tokenConflux (CFX) $ 0.225097
  • flokiFLOKI (FLOKI) $ 0.000111
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,318.00
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 197.58
  • wbnbWrapped BNB (WBNB) $ 785.67
  • fartcoinFartcoin (FARTCOIN) $ 1.04
  • immutable-xImmutable (IMX) $ 0.540476
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • sonic-3Sonic (S) $ 0.305626
  • the-graphThe Graph (GRT) $ 0.098905
  • pump-funPump.fun (PUMP) $ 0.002715
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.76
  • dogwifcoindogwifhat (WIF) $ 0.948682
  • saros-financeSaros (SAROS) $ 0.357287
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,229.00
  • clbtcclBTC (CLBTC) $ 120,697.00
  • pax-goldPAX Gold (PAXG) $ 3,293.17
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.70
  • kaiaKaia (KAIA) $ 0.155627
  • paypal-usdPayPal USD (PYUSD) $ 0.999732
  • msolMarinade Staked SOL (MSOL) $ 230.16
  • lido-daoLido DAO (LDO) $ 1.01
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • tezosTezos (XTZ) $ 0.819020
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.31
  • vaultaVaulta (A) $ 0.530235
  • theta-tokenTheta Network (THETA) $ 0.820907
  • tether-goldTether Gold (XAUT) $ 3,278.44
  • super-oethSuper OETH (SUPEROETH) $ 3,759.43
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,984.82
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,023.24
  • iotaIOTA (IOTA) $ 0.197380
  • raydiumRaydium (RAY) $ 2.87
  • jasmycoinJasmyCoin (JASMY) $ 0.015380
  • galaGALA (GALA) $ 0.016118
  • pendlePendle (PENDLE) $ 4.26
  • ousgOUSG (OUSG) $ 111.99
  • bittorrentBitTorrent (BTT) $ 0.00000071
  • aerodrome-financeAerodrome Finance (AERO) $ 0.804395
  • the-sandboxThe Sandbox (SAND) $ 0.283505
  • pyth-networkPyth Network (PYTH) $ 0.119308
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997348
  • tbtctBTC (TBTC) $ 117,149.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,758.65
  • jito-governance-tokenJito (JTO) $ 1.80
  • zcashZcash (ZEC) $ 38.03
  • flowFlow (FLOW) $ 0.384241
  • newton-projectAB (AB) $ 0.008421
  • heliumHelium (HNT) $ 3.17
  • stader-ethxStader ETHx (ETHX) $ 4,003.77
  • usual-usdUsual USD (USD0) $ 0.997746
  • ripple-usdRipple USD (RLUSD) $ 0.999478
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,761.50
  • morphoMorpho (MORPHO) $ 1.78
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,017.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,287.00
  • walrus-2Walrus (WAL) $ 0.413603
  • usddUSDD (USDD) $ 0.999645
  • decentralandDecentraland (MANA) $ 0.291010
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.216455
  • memecoreMemeCore (M) $ 0.330549
  • beldexBeldex (BDX) $ 0.076578
  • bitcoin-svBitcoin SV (BSV) $ 27.43
  • mog-coinMog Coin (MOG) $ 0.000001
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,144.65
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,760.40
  • based-brettBrett (BRETT) $ 0.054081
  • syrupMaple Finance (SYRUP) $ 0.443500
  • coredaoorgCore (CORE) $ 0.526273
  • chain-2Onyxcoin (XCN) $ 0.015219
  • build-onBUILDon (B) $ 0.515609
  • swethSwell Ethereum (SWETH) $ 4,118.40
  • true-usdTrueUSD (TUSD) $ 0.996421
  • apenftAPENFT (NFT) $ 0.00000049
  • thorchainTHORChain (RUNE) $ 1.36
  • zebec-networkZebec Network (ZBCN) $ 0.005673
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008072
  • ether-fiEther.fi (ETHFI) $ 1.13
  • telcoinTelcoin (TEL) $ 0.005159
  • apecoinApeCoin (APE) $ 0.588808
  • arweaveArweave (AR) $ 7.15
  • savings-daiSavings Dai (SDAI) $ 1.16
  • frax-etherFrax Ether (FRXETH) $ 3,748.20
  • keetaKeeta (KTA) $ 1.09
  • neoNEO (NEO) $ 6.23
  • dydx-chaindYdX (DYDX) $ 0.581800
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,760.05
  • starknetStarknet (STRK) $ 0.121468
  • compound-governance-tokenCompound (COMP) $ 46.33
  • aioz-networkAIOZ Network (AIOZ) $ 0.360616
  • wemix-tokenWEMIX (WEMIX) $ 0.942022
  • ecasheCash (XEC) $ 0.000021
  • elrond-erd-2MultiversX (EGLD) $ 14.91
  • dexeDeXe (DEXE) $ 7.43
  • rekt-4Rekt (REKT) $ 0.000001
  • kavaKava (KAVA) $ 0.388371
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999709
  • wrapped-hypeWrapped HYPE (WHYPE) $ 41.79
  • sun-tokenSun Token (SUN) $ 0.021603
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
DeFi

Babylon Labs teams up with SatLayer to unlock DeFi for Bitcoin

By admin
0 42

Babylon Labs teams up with SatLayer to unlock DeFi for Bitcoin

Babylon Labs has partnered with Castle Island Ventures-backed SatLayer to bring the benefits of Bitcoin staking and restaking to more users.

The move aims to offer Bitcoin (BTC) holders the opportunity to explore the decentralized finance ecosystem around the world’s largest and most popular cryptocurrency.

Babylon, whose total value locked has surpassed $2 billion, is a leading BTC staking protocol. The platform eyes further liquidity, shared security, and capital efficiency for BTC holders in this partnership, according to a press release.

In proof-of-stake mechanisms, slashing allows for the punishment of validators’ bad behaviour. The implementation of the mechanism opens up Bitcoin’s utility within the DeFi ecosystem. Users staking BTC help secure PoS chains, rollups, and decentralized applications across the rapidly expanding decentralized finance market.

“Babylon Labs and SatLayer share a vision for Bitcoin’s future as the cornerstone of decentralized ecosystems. Together, we enable applications and infrastructure to harness Bitcoin’s unmatched security while expanding its liquidity through programmable restaking frameworks. The launch of SatLayer’s devnet opens up a new era of Bitcoin-powered innovation for builders everywhere.”

Luke Xie, co-founder of SatLayer.

The collaboration between Babylon Labs and SaltLayer significantly improves staking and restaking on Bitcoin, the platforms said.

Babylon Labs has secured the backing of major venture capital firms in the industry, including Paradigm, which led its $70 million round in June. The protocol also attracted investment from Binance’s incubation and venture capital arm in February 2024.

The $2 billion TVL protocol has partnered with ecosystem players such as Solv Protocol, Lombard and Bedrock to expand the Bitcoin DeFi ecosystem via liquid staking tokens. On Nov. 25, Babylon Labs and Lombard teamed up to bring Bitcoin staking to Sui.

Babylon’s offering allows Bitcoin holders to stake BTC across PoS chains, layer-2 networks and data availability layers, with users earning staking rewards.

Read more: Pantera Capital CEO: Bitcoin can hit $740k as blockchain adoption still lags

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