With the launch of Babylon Genesis fast approaching, three major wallets in the Cosmos ecosystem - Leap, Keplr and Cosmostation will support thePhase-2 launch, with BTC and BABY staking live on Day One.
Building on the success of Bitcoin Staking Phase-1, which at the time secured approximately $6B in BTC from over 135,000 stakers, Phase-2 marks the next milestone for the Babylon Bitcoin staking protocol adoption.
With Babylon Genesis as a central conduit and an infrastructure layer for future dApps, staked BTC will meet its demand for DeFi and other decentralized use cases, powering a new productive economy for BTC as the world’s most Lindy digital asset.
Babylon Genesis x Cosmos Ecosystem
As a Layer 1 network, Babylon Genesis will connect Bitcoin with the broader decentralized landscape by:
- Serving as the first Bitcoin Secured Network (BSN) to receive crypto-economic security from Bitcoin
- Acting as the control plane enabling other BSNs to connect with the Bitcoin network
With native support for smart contracts built on the Cosmos SDK, Babylon Genesis will be immediately interoperable with applications in the Cosmos ecosystem. This integration will facilitate the flow of staked BTC across the IBC protocol and BSNs, to enable the unlocking of new possibilities and utility for BTC.
The support of Leap, Keplr, and Cosmostation empowers community participation in BTC staking, BABY staking, and other decentralized use cases across Babylon Genesis and BSNs. This integration will broaden accessibility for participants both within the Cosmos ecosystem and beyond.
The Cosmos community is rallying around for Phase-2 and it is extremely thrilling to have their support.
How To Get Started
About Leap
Trusted by more than 800k users, Leap is the all-in-one super wallet for Cosmos, Modular & EVM, offering in-wallet transfers, staking, swaps, dApp browser, and more. Supports 100+ Cosmos, Modular, and EVM chains.
About Keplr
Kelpr is the first, and leading, IBC-enabled wallet for the Cosmos ecosystem, with support for EVM-based chains, Starknet, and beyond. From the convenience of your browser extension or mobile device, you can stake tokens, manage earnings, participate in governance, and connect to DeFi applications all in one place.
Cosmostation Wallet is a non-custodial multi-chain extension wallet powered by Cosmostation, the interchain validator, builder, and contributor. The multi-chain cryptocurrency browser extension wallet that supports 50+ chains. With Cosmostation, you can manage all your assets with one wallet, one key.
About Babylon Labs
Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
