Babylon Genesis is a brand-new layer-1 blockchain focused on revolutionizing Bitcoin staking. To do so, they’re collaborating with Axelar, the leading and most secure universal blockchain interoperability platform. This innovative collaboration will leverage Synapse’s staking infrastructure to unlock Bitcoin staking opportunities across 70+ blockchain ecosystems. It opens a new chapter for Bitcoin itself, allowing it to back proof-of-stake (PoS) chains, greatly increasing their cryptographic defense.
Custom built using Cosmos’ CometBFT stack, Babylon Genesis is jointly governed by the native baby token. Conceptually, it is meant to function as a “Bitcoin-Secured Network” (BSN). The BSN provides users with the ability to stake Bitcoin in a highly secure and self-custodial manner.
In competition with other assets, Babylon Genesis will include a self-custodial staking model. This allows users to always be in the driver’s seat, securely keeping full custody of their private keys while staking their BTC. Acting as a control center, Babylon Genesis provides liquidity and governance to many projects inside its ecosystem.
The integration with Axelar makes Babylon Genesis much more accessible and widely available.
With Axelar's integration, the Babylon Genesis ecosystem is now accessible across more than 70 blockchain ecosystems. - Clayton Menzel
Babylon Genesis presents an innovative breakthrough where Bitcoin can fuel PoS chains. It gives PoS chains an extra layer of cryptographic security that comes from the underlying Bitcoin blockchain. Babylon Genesis works seamlessly with Axelar. This partnership brings millions of new users into the experience and rewards of protected Bitcoin staking.
Bitcoin's status as an institutionalized asset reinforces its value as a store of wealth, but it also enables it to play a critical role in the innovation happening onchain. - Georgios Vlachos
