BTC liquid staking ecosystem explodes, multiple projects seize the Babylon opportunity.

robot
Abstract generation in progress

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.

BTC LSD Track Overview: How to Leverage Trillions of Dollars?

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.

BTC LSD Track Overview: How to Leverage Trillions of Dollars?

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.

BTC LSD Track Overview: How to Unlock Trillions of Dollars in Funding?

BTC LSD Track Overview: How to Leverage Trillions of Dollars in Funds?

BTC LSD Track Overview: How to Leverage Trillions of Dollars?

BTC LSD Track Overview: How to Leverage Trillions of Dollars?

BTC LSD Track Overview: How to Leverage Trillions of Dollars?

BTC LSD Track Overview: How to Leverage Trillions of Dollars?

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Share
Comment
0/400
PortfolioAlertvip
· 07-07 09:39
I dare to buy the dip on the railway, but I'm a bit hesitant when I see Babylon.
View OriginalReply0
MainnetDelayedAgainvip
· 07-07 07:13
It has been 176 days since the last announcement about the upcoming launch, data is being compiled...
View OriginalReply0
zkProofInThePuddingvip
· 07-05 16:59
Another new pit to lure people to enter a position.
View OriginalReply0
CrossChainBreathervip
· 07-05 16:33
Speed to enter a position, to da moon!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)