Babylon: Self-Custodial Bitcoin Native Staking & Bitcoin-Secured Networks

Throughout the years, there were many attempts of tapping into Bitcoin’s liquidity and security, but almost all of them came with different caveats. Most notably, wrapped BTC (wBTC) depended on the wrapper contract security. However, the recent surge in research and development for native solutions has led to breakthroughs previously thought impossible. Babylon launched native BTC staking and plans to further expand this to secure other blockchains, in a model similar to that of mesh security. This would not only help secure other networks, but it would also unlock liquidity from the mother chain through liquid staking derivatives.

Topics:

• David’s background
• The evolution of Babylon
• The Bitcoin Renaissance
• Technical challenges of implementing Bitcoin staking
• The OP_CAT upgrade
• Babylon’s Bitcoin staking & Bitcoin-secured networks
• Bridging liquidity & LSTs
• Securing multiple chains and slashing
• Babylon chain - aggregating Bitcoin-secured networks
• Could Bitcoin become a POS chain?
• Babylon upgradeability

Links:

• Babylon on X