OKX Wallet Launches 'Babylon Playhub': a New Gateway for Exploring Babylon BTC Staking and Restaking Protocols
August 19 2024 - 12:54AM
OKX, a leading Web3 technology company, has issued
updates for August 19, 2024.
OKX Wallet Launches 'Babylon Playhub': a New Gateway for
Exploring Babylon BTC Staking and Restaking Protocols
OKX Wallet is thrilled to announce the launch of ‘Babylon
Playhub,’ designed to provide users with a gateway to explore the
Babylon BTC staking protocol and its ecosystem projects.
The newly launched 'Babylon Playhub' offers users a range of
opportunities to engage in staking and restaking activities within
the Babylon ecosystem. This includes exclusive opportunities to
earn additional rewards, such as doubling the number of loyalty
associated with a protocol (i.e. 'Bedrock Diamonds') and gaining
the opportunity to earn Optimism tokens - in addition to any base
APY - when staking uniBTC on Bedrock through the Optimism chain via
OKX Wallet.
In addition to Bedrock, several other protocols are
participating in the Babylon Playhub, including B^2 Network,
Chakra, PumpBTC and Solv protocol. Each of these protocols brings
unique opportunities and benefits, enhancing the overall user
experience.
To mark the launch of 'Babylon Playhub,' OKX Wallet also rolled
out its latest Babylon-themed Cryptopedia campaign. This
campaign aims to educate users about the Babylon ecosystem while
offering those who complete Babylon-related "quests" the
opportunity to claim a share of 150,000 USDT worth of rewards.
Further details on the campaign can be found here.
Babylon is a project that designs Bitcoin
security sharing protocols with a vision of building a
Bitcoin-secured decentralized world. Its latest development is the
world’s first trustless and self-custodial Bitcoin staking
protocol, which enables Bitcoin holders to stake their BTC on
Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data
Availability (DA) layers, etc., enabling them to earn yield without
the need for third-party custody, bridge solutions or wrapping
services. Babylon's approach combines the high security and wide
adoption of Bitcoin with the efficiency and scalability of PoS
systems, increasing Bitcoin's utility.
OKX Wallet's Cryptopedia is a learn-to-earn platform that
allows users to interact with decentralized applications (dApps),
discover promising projects and earn rewards while learning about
the blockchain ecosystem.
To learn more, visit OKX's Support Center.
For further information, please
contact:Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3
company. Trusted by more than 50 million global users, OKX offers a
secure and trustworthy platform that provides responsible crypto
traders with innovative tools to access the world of crypto.
As a global brand and top partner of Manchester City FC and
McLaren Racing, OKX uses Web3 technology to redefine how fans
connect with their favorite teams. Recent examples include
its Unseen City Shirts and Race Rewind digital
collectible campaigns, which offer fans real-world benefits like
exclusive match-day and trackside experiences. As the Presenting
Partner of Tribeca Festival, OKX also empowers artists and creators
through Web3.
In line with its "on-chain, any chain" philosophy, OKX
contributes to the growth of the Web3 ecosystem via its secure,
interoperable and self-custody enabled OKX Wallet. OKX Wallet
is a user-friendly gateway to the on-chain world, connecting to
over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 300,000
tokens and nearly 500 decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes
its Proof of Reserves monthly to build trust. It is also
dedicated to expanding its educational resources through OKX
Learn, making digital assets accessible and understandable for a
broader audience.
To learn more about OKX, download our app or
visit: okx.com
DisclaimerThis announcement is provided for
informational purposes only. It is not intended to provide any
investment, tax, or legal advice, nor should it be considered an
offer to purchase, sell, hold or offer any services relating to
digital assets. Digital assets, including stablecoins, involve a
high degree of risk, can fluctuate greatly, and can even become
worthless.