Babylon Genesis Officially Launched: Built on Bitcoin as the Security Foundation, Connecting the Decentralized World
The world's first Bitcoin-backed L1 blockchain Babylon Genesis officially launched today, marking a historic milestone in Bitcoin's utility. This launch establishes the Babylon Bitcoin Staking Protocol as a core component of the Bitcoin infrastructure layer, making it not only the most revolutionary staking solution in the Web3 ecosystem but also transforming idle Bitcoin into a foundational pillar of the decentralized economy, unlocking its full potential value.
The Babylon protocol innovatively addresses the two core long-standing challenges in the decentralized ecosystem: the potential of idle Bitcoin assets and the Web3 world's need for security, liquidity, and active users. Through the groundbreaking Bitcoin staking protocol, Bitcoin holders can now securely stake their assets to provide security and liquidity support to other decentralized networks while earning rewards, all without relinquishing their self-custody of Bitcoin. This mechanism successfully channels the value and user base accumulated by Bitcoin through mainstream adoption into other decentralized systems, not only promoting deep integration in the decentralized world but also accelerating the ecosystem's path to mainstream applications.
Phase One Data: Over 57,000 BTC have participated in staking through the Babylon protocol, showcasing the strong momentum of the Bitcoin ecosystem. Leading cryptocurrency custodian BitGo (top three in the industry) recently announced its support for BTC staking and custody services for the Babylon Genesis native token BABY. Another top-tier institutional custody platform, Anchorage Digital, has also committed to providing BTC staking support through the Babylon Bitcoin staking protocol.
Furthermore, leading wallet providers such as Binance Wallet, OKX Wallet, UniSat, and Xverse will support Bitcoin staking from day one.
Babylon Genesis marks the successful completion of the second phase in the three-stage launch plan and introduces Bitcoin's security capabilities to a broader blockchain ecosystem. The blockchain will serve three core functions:
· First Bitcoin-Backed Network (BSN):
By leveraging Bitcoin staking and timestamp technology, it effectively harnesses the security of the Bitcoin network. The Bitcoin timestamp not only defends against long-range attacks but also significantly shortens the unstaking period (around 50 hours for BABY unstaking, around 7 days for Bitcoin unstaking).
· Control Plane:
Coordinates the interaction of other Bitcoin-backed networks (BSN) with the Bitcoin mainnet, enabling them to access Bitcoin's security protection system and liquidity resources at minimal integration costs.
· Liquidity Hub:
Safely custodying Bitcoin liquidity through on-chain applications.
With its outstanding interoperability, significant benefits to decentralized networks, and convenient integration features, Babylon's Bitcoin integration solution has successfully attracted many well-known networks to join the Bitcoin-protected Network (BSN) ecosystem. Protocols such as Osmosis, TAC, BOB, and Corn have all committed to deploying the BSN solution.
Babylon Genesis also supports a rich on-chain decentralized application ecosystem, including:
· Tower: A decentralized exchange (DEX) built for the BTCFi ecosystem
· Satlayer: Bitcoin re-collateralization infrastructure
· Escher: BABY Liquidity Staking Token (LST) protocol designed for DeFi
· Milkyway: A modular BABY staking portal supporting liquidity staking and re-collateralization
Babylon Genesis is driven by a sound tokenomics model. It features an 8% annual inflation rate, with half allocated to Bitcoin stakers and the other half to BABY token stakers. The token distribution focuses on long-term development. Tokens held by investors, team, and advisors have a 4-year unlocking period, with tokens not allowed to be staked in the first year.
In addition to the BSN and wallet providers that have committed to supporting Babylon Genesis and the Babylon Bitcoin Staking Protocol, the Babylon ecosystem is rolling out a strong lineup consisting of over 15 leading Liquidity Staking Tokens (LST) such as Lombard, Solv, Pump, and Bedrock, and over 250 Finality Providers (FP) such as P2P, Kiln, Chorus One, Figment, and Galaxy to help drive adoption and liquidity from inception.
Fisher Yu, co-founder of the Babylon project, stated: "Bitcoin has always been the gold standard of security, but until today, this security has been limited to Bitcoin itself. Through Babylon Genesis, we are transforming Bitcoin from idle assets to active, income-generating cornerstones of the digital economy. This is the first time Bitcoin's unparalleled security resource has been securely connected to the wider blockchain ecosystem, providing shared security, liquidity, and utility without compromising self-custody. This release marks a key moment—Bitcoin's economic influence has for the first time transcended the boundaries of its own chain."
About Babylon Labs
Babylon Labs is focused on developing a Bitcoin security sharing protocol, with a vision to build a decentralized world secured by Bitcoin. Its latest software development achievement is the world's first trustless and self-custodial Bitcoin staking protocol. This protocol enables Bitcoin holders to stake their BTC on other decentralized systems such as Proof of Stake chains, Layer 2 networks, Data Availability layers, etc., allowing stakers to earn rewards without the need for third-party custody, cross-chain bridge solutions, or wrapping services. The grander vision is to combine Bitcoin's high security and widespread adoption with the efficiency and scalability of Proof of Stake systems to enhance Bitcoin's utility.
This article is a contributed piece and does not represent the views of BlockBeats.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.