Babylon Labs Launches Mainnet with $50,000 BTC as Collateral

Babylon Labs has launched its Babylon Chain, a new layer designed for native Bitcoin (BTC) re-staking. The chain utilizes over 50,000 BTC in non-custodial staking to secure the network and enable multiple projects to leverage yield opportunities. Unlike traditional staking protocols, users can unlock their locked BTC within just seven days, offering faster access compared to other options. 51,167.19 BTC is currently locked by Babylon Labs, a notable figure that aligns with large reserves often found in institutional settings.