Bitget Wallet Integrates Babylon Bitcoin Staking Mainnet
August 27 2024 - 11:38PM
Bitget Wallet, the leading Web3 wallet, has integrated support for
the Babylon Bitcoin Staking Mainnet and launched a dedicated Dapp
section for the Babylon ecosystem within the wallet. This
development simplifies the Bitcoin staking process, allowing users
to easily stake their BTC through Babylon with a single click on
Bitget Wallet, earning rewards while contributing to the security
of PoS networks.
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.
Bitget Wallet is committed to building a comprehensive Bitcoin
ecosystem and has emerged as a leader in this space. The wallet
currently supports BTC asset display, transfers, swap transactions,
OTC trading, and the inscription of BRC20 and ARC20 formats, along
with market data for inscriptions. Additionally, Bitget Wallet has
upgraded its Launchpad feature to support BRC20 asset launches,
providing users with access to new assets and opportunities. The
integration of the Lightning Network and other Layer 2 solutions
offers users convenient services for entering the Bitcoin Layer 2
ecosystem. By incorporating staking functionality, Bitget Wallet
continues to support the ongoing development of Bitcoin,
transforming it from merely a store of value into a dynamic asset
that plays a crucial role in the security and growth of
decentralized networks.
Bitget Wallet is also planning to collaborate with Babylon
during the Cap2 phase of its mainnet to launch a staking rewards
program, which offers users additional opportunities to earn
rewards, further enhancing the benefits of participating in the
Bitcoin staking ecosystem.
Alvin Kan, COO of Bitget Wallet, emphasized the significance of
this collaboration: "By integrating with Babylon, we are not only
ensuring the highest levels of security for our users but also
driving innovation in the staking space. This integration allows
our users to maximize their asset growth while actively
contributing to the security of blockchain networks."
About Bitget WalletBitget Wallet stands as one
of the world's leading non-custodial Web3 wallets and decentralized
ecosystem platform. With the Bitget Onchain Layer, the wallet is
well-poised to develop a burgeoning DeFi ecosystem through
co-creation and strategic incubation. Aside from a powerful Swap
function, Bitget Wallet also offers multi-chain asset management,
smart money insights, a native Launchpad, Inscriptions Center, and
an Earning Center. Supporting over 100 major blockchains, 250,000+
tokens, and a wide array of DApps, Bitget Wallet is your top wallet
for asset discovery and Web3 exploration.
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For media inquiries, please contact: media.web3@bitget.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5a657bfc-07c4-4927-946e-c3b8985e8701