SatLayer launches its mainnet and ‘Cube’ BABY staking solution

SatLayer, a Bitcoin (BTC) utility and security platform, has launched the “Phase I” of its mainnet, as well as Cube, a Babylon Genesis (BABY) liquid staking solution, according to the latest reports shared with Finbold on Friday, April 11. Launching with over $250 million in BTC deposited, SatLayer will lay a stronger foundation for Bitcoin decentralized finance (DeFi) and help transform BTC into a programmable asset with more utility in the ecosystem.  By doing so, SatLayer also unlocks trillions of dollars worth of idle Bitcoin to give nation-states, institutions, and individual traders more yield-earning opportunities. Bitcoin liquidity and security As a decentralized restaking app on Babylon, SatLayer helps bring BTC liquidity and security characteristic of Layer 1 and (L1) Layer 2 (L2) chains to decentralized applications (dApps) and infrastructure as well source: https://finbold.com/satlayer-launches-its-mainnet-and-cube-baby-staking-solution/