Binance Labs invests in Babylon to support the growth of Bitcoin staking

Binance's venture capital and incubation department, Binance Labs, has invested in the Bitcoin staking protocol Babylon. The Bitcoin staking protocol allows users to stake Bitcoin for PoS blockchains and earn profits without any third-party custody, bridging solutions, or packaging services. It provides significantly reduced economic security guarantees for PoS chains while ensuring effective equity unlocking to enhance Bitcoin holders' liquidity.

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