A massive $1B transition just happened!
At about 4:30am UTC 16th May 2025, the BTC holder who staked 10K BTC ($1B) in Babylon Phase-1 has transitioned their entire stake to Phase-2 and started to provide slashable security to Babylon Genesis through @Lombard_Finance, @SolvProtocol and @Pumpbtcxyz! This brings Babylon Genesis' total registered BTC TVL to 42K+ BTC ($4.3B+).
The success of this transition is a testament to the security offered by the Babylon Bitcoin staking protocol, as well as an affirmation of Babylon’s vision: Generating safe rewards for Bitcoin holders by inventing trustless and self-custodial utility of Bitcoin that can supercharge other decentralized networks.
Check out the details of this transition in the beautiful explorer developed by @Xangle_official
18.08K
133
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.