{"id":22937,"date":"2025-04-11T10:46:25","date_gmt":"2025-04-11T07:46:25","guid":{"rendered":"https:\/\/forklog.com\/en\/babylon-launches-mainnet-and-conducts-token-airdrop\/"},"modified":"2025-04-11T10:46:25","modified_gmt":"2025-04-11T07:46:25","slug":"babylon-launches-mainnet-and-conducts-token-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/babylon-launches-mainnet-and-conducts-token-airdrop\/","title":{"rendered":"Babylon Launches Mainnet and Conducts Token Airdrop"},"content":{"rendered":"<p>The team behind the Babylon protocol, a staking initiative for the leading cryptocurrency, has launched the Genesis mainnet as part of the second phase of its three-stage rollout.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World<\/p>\n<p>Babylon Genesis, the world\u2019s first L1 blockchain secured by Bitcoin, officially launches today.<\/p>\n<p>This launch cements the Babylon Bitcoin staking protocol as the foundational infrastructure layer for\u2026 <a href=\"https:\/\/t.co\/tPXa8npbWH\">pic.twitter.com\/tPXa8npbWH<\/a><\/p>\n<p>\u2014 Babylon (@babylonlabs_io) <a href=\"https:\/\/twitter.com\/babylonlabs_io\/status\/1910271642892210521?ref_src=twsrc%5Etfw\">April 10, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe launch establishes the protocol as the foundational infrastructure layer for Bitcoin and the most efficient staking solution in the Web3 ecosystem,\u201d the statement reads.<\/p>\n<\/blockquote>\n<p>Genesis <a href=\"https:\/\/babylonlabs.io\/blog\/the-three-facets-of-babylon-genesis\">is positioned<\/a> as the first Bitcoin Secured Network (<span data-descr=\"Bitcoin Secured Network\" class=\"old_tooltip\">BSN<\/span>) with enhanced security features. The solution will serve as a governance layer for the ecosystem and a liquidity hub for other BSNs expected to emerge in the third phase.<\/p>\n<p>Since the first phase of deployment in August 2024, 57,000 BTC have been locked in the Babylon protocol. According to IntoTheBlock, the total volume of Bitcoin placed in DeFi services on EVM chains has reached 234,000 BTC, marking a 10% increase since the beginning of the year.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Currently, more than 234,000 BTC are deployed on EVM chains, a figure that has grown by around 10% since the start of the year. <\/p>\n<p>This trend highlights how Bitcoin holders are increasingly turning to DeFi mechanisms, such as Bitcoin staking, to earn yield on their assets. <a href=\"https:\/\/t.co\/6oLZrYF2pq\">pic.twitter.com\/6oLZrYF2pq<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a href=\"https:\/\/twitter.com\/intotheblock\/status\/1910275438435348549?ref_src=twsrc%5Etfw\">April 10, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It is reported that custodians Bitgo and Anchorage, along with wallets from Binance, Bitget, and OKX, plan to integrate Babylon Genesis as a staking solution for the leading cryptocurrency.\u00a0<\/p>\n<p>The ecosystem includes over 250 \u201cfinalization providers\u201d such as Figment and Kiln. Infrastructure providers include SatLayer and Ankr.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2-1024x575.png\" alt=\"67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2\" class=\"wp-image-256393\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2-1024x575.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2-768x431.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2-1536x862.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/67ed0e225886d7af22d19d01_Blog-Genesis-EcoV2-2048x1150.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Babylon.<\/figcaption><\/figure>\n<p>Alongside the mainnet launch, the Babylon Foundation conducted an airdrop of the BABY token. According to the distribution terms, assets have been credited to users, who will \u201csoon\u201d see them in their wallets.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Dear Babylonian, the Babylon Foundation is happy to announce that the airdrop has just been successfully executed! You should be able to see your BABY in your wallet very soon. There is no transfer restrictions on your BABY. You could also stake your BABY to secure Babylon\u2026<\/p>\n<p>\u2014 Babylon Foundation (@bbn_foundation) <a href=\"https:\/\/twitter.com\/bbn_foundation\/status\/1910256178786955760?ref_src=twsrc%5Etfw\">April 10, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BABY can be staked for additional income and used as a governance token to manage the ecosystem on Genesis. The coins have no transaction restrictions, Babylon emphasized.<\/p>\n<p>During the airdrop, it was planned to <a href=\"https:\/\/forklog.com\/en\/news\/babylon-to-airdrop-baby-tokens-to-early-participants\">distribute 600 million BABY<\/a> out of a total issuance of 10 billion tokens.\u00a0<\/p>\n<p>Developers of Babylon <a href=\"https:\/\/forklog.com\/en\/news\/babylon-launches-testnet-for-bitcoin-staking-protocol\">launched the testnet<\/a> in February 2024. By December, the <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> of the project reached $3.63 billion.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the Babylon protocol, a staking initiative for the leading cryptocurrency, has launched the Genesis mainnet as part of the second phase of its three-stage rollout. Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World Babylon Genesis, the world\u2019s first L1 blockchain secured by Bitcoin, officially launches today. This launch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,18,1289],"class_list":["post-22937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-bitcoin","tag-cryptocurrency-staking"],"aioseo_notices":[],"amp_enabled":true,"views":"65","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22937"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22936"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}