Babylon Labs aligns with SatLayer to advance Bitcoin‘s staking and restaking capabilities.
, /PRNewswire/ — 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.
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