Babylon goes online and Lorenzo staking starts: the latest progress of BTC ecosystem
Compared with BTC on-chain assets and expansion direction, BTC's interest generation/liquidity release is a more practical and promising direction.
JinseFinanceCompared with BTC on-chain assets and expansion direction, BTC's interest generation/liquidity release is a more practical and promising direction.
JinseFinanceWill the complex layering consisting of numerous LSD and LRT protocols become the biggest black swan in the future of blockchain? Is their business logic reasonable? This article will mainly discuss Babylon. After reading this article, you will solve the above doubts.
JinseFinanceThe biggest highlight of the Babylon project is to enable trustless staking of BTC.
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JinseFinanceRecommended reading this evening: 1. A comprehensive review of the progress of major zkEVM projects in 2023; 2. Outlier Ventures: Challenges and opportunities in the encryption industry in 2024; 3. Varian: Two stories of cryptocurrency—speculation and decentralization;
JinseFinanceBabylon’s founder said several liquidity pools and BABL tokens price were severely impacted, which contributed to the decision.
Coindesk“I am all for hope and am a big believer in quantum computing as a potentially disruptive technology,” said Sankar Das Sarma, but quantum computers are nowhere near being close to cracking crypto.
Cointelegraph