Osmosis integrates the Babylon Bitcoin stake protocol to accelerate the development of Bitcoin Decentralized Finance.

robot
Abstract generation in progress

Babylon announced the integration of the most active AppChain in the Cosmos ecosystem, Osmosis, with the Babylon Bitcoin Staking Protocol (, joining the Bitcoin Secured Network, abbreviated as BSN ), utilizing the Bitcoin framework to enhance its security and create new opportunities for Bitcoin holders, upgrading the traditional Proof of Work rewards ( to a Proof of Stake mechanism ), accelerating the development of Bitcoin Decentralized Finance ( BTCfi ).

This integration occurs after the launch of Babylon Genesis, which is a trustless (Trustless) and self-custodial (Self-Custodial) Bitcoin staking protocol. Babylon Genesis allows Bitcoin to serve as the economic security layer of the Proof of Stake (Proof of Stake, abbreviated as PoS) system, without relying on cross-chain bridges, wrapped tokens, or third-party custodians.

Osmosis leverages the Bitcoin mainnet as a foundation to foster innovation within the BSN and creates new avenues for Bitcoin holders to earn rewards in the Cosmos ecosystem.

Osmosis obtains rewards by staking Bitcoin through Babylon

Osmosis is an open-source decentralized exchange (DEX) and automated market maker (AMM) protocol built on Cosmos. Osmosis integrates the Babylon protocol, utilizing the Bitcoin blockchain to handle cross-chain liquidity. Through this integration upgrade, Bitcoin holders can stake Bitcoin in a self-custodial manner to contribute to Osmosis's BSN security network and earn rewards.

What is the Bitcoin security network (BSN)?

BSN (Bitcoin Secured Network) is a decentralized network based on Bitcoin security through the staking of Bitcoin under the Babylon protocol, where users can stake Bitcoin to support BSN.

The characteristics of BSN

Security: Enjoy the security of Bitcoin without the need for third-party intermediaries or bridges by utilizing the Babylon Bitcoin Staking protocol.

Enhancing Decentralization Features: Carrying the decentralized characteristics of Bitcoin, with greater resistance to censorship.

Seize new opportunities: Utilize Bitcoin's $1.6 trillion liquidity (Liquidity) to create new opportunities for users and developers.

Introduction to Babylon Labs

Babylon Labs develops a Bitcoin secure sharing protocol aimed at establishing an open-source, decentralized world based on the Bitcoin secure network. The latest development is the world's first trustless custody and self-custody Bitcoin staking protocol that does not require intermediaries. This protocol enables Bitcoin holders to stake BTC in other decentralized systems, such as other PoS chains, L2, DA layers, etc. Stakers can receive staking rewards without needing to bridge through third-party services or wrapped token services, combining the security of Bitcoin with the efficiency of PoS, thereby enhancing the utility of Bitcoin in Decentralized Finance (BTCFi).

Introduction to Osmosis

Osmosis is a DEX decentralized exchange in the Cosmos ecosystem. The trading volume of Osmosis DEX has exceeded $40 billion to date, and over 100 independent blockchains are connected to the Osmosis AppChain via IBC. Osmosis has a continuously developing DeFi application suite that integrates native tools with third-party services, raising the standards of centralized exchange products.

This article discusses the integration of Osmosis and Babylon's Bitcoin Staking protocol, accelerating the development of Bitcoin Decentralized Finance, first appearing in ChainNews ABMedia.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments