Babylon Labs, a lead developer of Bitcoin’s leading staking protocol with over $2 billion in Total Value Locked (TVL), announced today an alliance with SatLayer to advance Bitcoin’s staking and restaking capabilities. This collaboration creates new opportunities for Bitcoin holders by unlocking enhanced liquidity, shared security, and capital efficiency across applications, infrastructure, and blockchains.
As part of this alliance, SatLayer will be the premier restaking platform for the Babylon protocol by implementing a sophisticated suite of smart contracts on Babylon Chain with minimal trust assumptions. These smart contracts enable fully programmable BTC slashing, marking a significant advancement in Bitcoin’s utility within decentralized finance.
“At Babylon Labs, we’re committed to building a more secure and interconnected blockchain ecosystem. This collaboration with SatLayer allows us to extend Bitcoin’s robust security to a wider range of applications and infrastructure,” said Fisher Yu, CTO of Babylon Labs.
This enables the Bitcoin staked to secure everything: Not only infrastructure such as PoS chains and rollups, but the full stack of apps and infrastructure on top. With this alliance, the Bitcoin ecosystem will speedrun to feature parity with Ethereum on staking and restaking.
Through this alliance, the Babylon protocol will extend over $2 billion worth of Bitcoin shared security to PoS blockchains. The liquidity of those bitcoins are unlocked through established Liquid Staking Tokens (LST) projects including Lombard, Solv, and Bedrock. SatLayer will amplify these benefits by extending both security and liquidity features to applications and infrastructure built within these ecosystems.
Bitcoin’s Expanding Role
Bitcoin continues to demonstrate its dominance through unprecedented institutional adoption. The success of Bitcoin ETFs has set new records for institutional investment, while sovereign nations are increasingly evaluating Bitcoin for their strategic reserves. Additionally, major Layer-1 networks, including Solana, are introducing Bitcoin representations such as wrapped BTC and Liquid Staking Tokens (LSTs) to integrate Bitcoin’s value into their ecosystems.
Apps Are the Future: SatLayer & Babylon at the Forefront
Applications are the key drivers of further crypto adoption and innovation. By combining Babylon’s robust infrastructure with SatLayer’s advanced restaking capabilities, developers now have unprecedented opportunities to build sophisticated applications leveraging Bitcoin’s economic security and liquidity.
“Babylon Labs and SatLayer share a vision for Bitcoin’s future as the cornerstone of decentralized ecosystems. Together, we enable applications and infrastructure to harness Bitcoin’s unmatched security while expanding its liquidity through programmable restaking frameworks. The launch of SatLayer’s devnet opens up a new era of Bitcoin-powered innovation for builders everywhere,” said Luke Xie, Co-Founder of SatLayer.
SatLayer Devnet Launch
SatLayer also unveils its devnet today, providing comprehensive resources for builders interested in leveraging this new infrastructure. Detailed documentation is available at docs.satlayer.xyz. The team recently demonstrated their commitment to the developer community through participation as mentors, grant sponsor, and judge at the Babylon Hacker House in Bangkok (November 5-9, 2024), where over 70 developers created innovative solutions using Babylon Chain and an early preview of SatLayer’s Bitcoin Validated Services (BVS) Framework.
Ecosystem Initiatives
To help BVS builders turn their vision into reality, Babylon Labs and SatLayer are preparing to launch several exciting new initiatives to empower builders to innovate, collaborate, and scale:
- A comprehensive incentive program for ecosystem developers
- Dedicated technical support and resources to ease development
- Mentorship and support on go-to-market, growth, and fundraising
Start building BVS dApps on SatLayer and Babylon Chain today with the developer docs at docs.satlayer.xyz
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