The Babylon chain, a cosmos based network, officially launched mainnet on April 10, 2025. This chain serves as the central hub for Babylon's innovative Bitcoin staking protocol, allowing Bitcoin holders to directly stake their BTC to secure various Proof-of-Stake blockchains while maintaining self-custody.
Babylon (BABY) is the native token of this chain, and by staking it, participants help secure the Genesis network, earn rewards, and gain governance rights, all contributing to an ecosystem that aims to unlock Bitcoin's immense security for the wider decentralized world.
Staking BABY tokens means you lock them up on the Babylon Genesis chain to help secure the network and participate in its decentralized governance. In return, you earn staking rewards.
The Babylon Genesis chain is a Proof-of-Stake network that serves as the central hub for Babylon's innovative Bitcoin staking protocol. It orchestrates how Bitcoin's security is extended to other Proof-of-Stake blockchains.
When you stake your BABY tokens, you contribute to the network's security and validation process. The protocol then distributes new BABY tokens as rewards to stakers and validators.
You'll need a Web3 wallet compatible with the Cosmos ecosystem, such as Keplr or Leap Wallet, to connect to the Babylon Genesis network and manage your staked BABY tokens.
Like all staking, there are risks involved. These include potential slashing (a small portion of your stake being removed) if the validator you delegate to acts maliciously or experiences significant downtime, and market price fluctuations of the BABY token.