📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
BTC liquid staking ecosystem explodes, multiple projects seize the Babylon opportunity.
Overview of BTC Liquid Staking Ecosystem
The Bitcoin staking solution Babylon is about to launch, which will bring significant changes to the BTC ecosystem. Babylon implements BTC native asset staking through cryptographic methods, without the need to trust third parties, ensuring security. By providing POS security to other blockchains through restaking, Babylon opens up new revenue channels for Bitcoin holders.
Currently, multiple projects have launched BTC liquid staking solutions based on Babylon, mainly including:
pSTAKE adopts an institutional custody model, where the project team stakes on behalf of users to Babylon. It is currently in the testnet phase, and in the future, yBTC will be issued as a liquid staking token.
Lorenzo has implemented a principal and interest separation business similar to Pendle, issuing three tokens: stBTC, YAT, and SPT. Among them, stBTC serves as a liquidity principal token that can be freely traded.
Lombard adopts a decentralized architecture, allowing users to stake their funds directly to Babylon. It is currently running in Private Beta mode on the Ethereum mainnet, issuing LBTC as a liquid staking token.
Solv tokenizes various staking yield into SolvBTC, integrating with various DeFi applications. It has launched on multiple chains and attracted a large number of users to participate.
Bedrock was commissioned by Babylon to develop the UniBTC protocol, which supports wBTC staking for Ethereum users.
Master Protocol, as a yield aggregation platform, aggregates multiple BTC ecosystem projects and launches products such as Master Yield Market.
Chakra is a ZK-driven modular Bitcoin settlement layer that issues tlBTC as a liquidity asset.
These projects provide a rich selection for the BTC stake ecosystem. Compared to ETH staking, BTC staking is more similar to the restaking business of eigenlayer, and early projects have development opportunities. With the official launch of Babylon, BTC staking is expected to drive the development of the entire ecosystem, offering users higher yields.