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Bitcoin staking protocol Babylon: About to introduce Bitcoin staking in Cosmos

Bitcoin staking protocol Babylon: About to introduce Bitcoin staking in Cosmos

CointimeCointime2024/02/13 05:19
By:Cointime

Babylon announced on X platform that Bitcoin collateral will soon land on Cosmos Hub. Babylon will work with informalinc to introduce the Bitcoin collateral protocol to Cosmos, transforming Cosmos Hub into a multi-asset security aggregator supported by ATOM, BTC, and ecosystem tokens.

Earlier, it was reported that the Bitcoin collateral protocol Babylon completed a $18 million financing round, led by Polychain Capital and Hack VC.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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