Babylon Bitcoin Staking Protocol Launches Cap-3 After TVL Breaks $2 Billion Milestone

Babylon Labs (Babylon Labs), dedicated to developing native use cases for Bitcoin, including Bitcoin’s largest staking protocol with over $2 billion in total value locked (TVL), will launch the first phase of its mainnet, Cap-3, to further expand its staking capacity. Following Cap-2’s 10 Bitcoin block window of 23,857 BTC (approximately $2 billion at today’s prices), the newly launched Cap-3 will open a staking window that will last for 1,000 Bitcoin blocks. The launch of Cap-3 allows the Babylon protocol to continue to solidify its position as the largest and most influential staking solution in the Bitcoin ecosystem.

In this new staking window, institutional and individual participants can access Bitcoin staking through the industry’s leading platform. Anchorage Digital, a leading digital asset platform known for its institutional-grade services, will support Bitcoin staking access on Cap-3, further expanding institutional participation in Babylon's growing ecosystem. Sui, the first smart contract platform built on a Layer-1 blockchain, will also participate in Cap-3, inviting Bitcoin holders to stake Bitcoin on the Sui network, unlocking Bitcoin's $1.8 trillion in liquidity. In addition, well-known institutional wallets and custodians have integrated with the Babylon protocol, further enhancing institutional access to Cap-3 Bitcoin staking. Other participating platforms include OKX, one of the largest exchange Web3 wallets; Binance, the first centralized exchange to offer Babylon Bitcoin staking through Binance Earn; Leap Wallet, the first Cosmos wallet to support Bitcoin staking, Onekey Hardware Wallet (Pro Edition), Unisat, and Gate Web3.

The Babylon Bitcoin Staking Protocol provides a secure service marketplace that connects Bitcoin holders who offer staking assets with PoS chains and Rollups seeking Bitcoin security. On the supply side, Bitcoin holders pledge their assets to the Babylon Bitcoin staking protocol, and the total locked value (TVL) has now exceeded $2 billion; on the demand side, PoS chains and Rollups are integrating with the Babylon protocol to meet their security needs. As a result, PoS systems and Rollups will be able to leverage Babylon's scalable staking capabilities to unlock the value of the idle and unencumbered $1 trillion-plus Bitcoin ecosystem.

Babylon Labs CTO Fisher Yu said: "Babylon is Bitcoin's largest staking protocol, building on the milestone of breaking $2 billion in total locked value (TVL) for Bitcoin stakers and institutional service providers, further expanding the opportunities for institutional and individual participants to participate. The latest phase reinforces Babylon's role in unlocking untapped value within Bitcoin's trillion-dollar ecosystem, while advancing our vision of building Bitcoin-native use cases and expanding Bitcoin's utility and impact."

Anchorage Digital CEO and co-founder Nathan McCauley said: "Protocols like Babylon are opening up new ways for institutions to participate in the Bitcoin ecosystem. By partnering with Babylon to launch Cap-3, Anchorage Digital enables institutions to safely participate in Bitcoin staking and meet their needs for security and protection. We are honored to work with crypto innovators like Babylon as part of our commitment to simplify institutional access to decentralized finance (DeFi). "

Jameel Khalfan, Global Ecosystem Lead, Sui Foundation "Bitcoin will be around for a long time, and now its utility is available to participants on the Sui network. We are pleased to work with Babylon to bring users a new staking innovation experience between Bitcoin and Sui's powerful network."

Binance Vice President of Product Jeff Li said: "With the launch of Babylon Bitcoin staking, Binance provides users with a seamless and efficient Bitcoin on-chain staking channel. By integrating with the Babylon protocol, we enable users to easily participate in Bitcoin staking while also helping to grow the Bitcoin staking ecosystem. This collaboration reflects our mission to simplify access to decentralized finance and sustainable yield solutions."

Lombard co-founder Jacob Phillips said: "As Babylon's largest liquidity staking partner, we have witnessed first-hand the strong demand for individual and institutional participants to do more with Bitcoin. Babylon's expanded staking capacity enables more Bitcoin to enter the ecosystem as a productive asset, providing Bitcoin holders with the opportunity to earn staking rewards and gain exposure through LBTC Participate in decentralized finance (DeFi) without compromising security."

For more information on the Babylon Bitcoin Staking Protocol Mainnet Phase 1 Cap-3, follow @babylonlabs_io on X-platform. You can also visit our website.

About Babylon

Babylon is a project that designs Bitcoin security sharing protocols to build a decentralized world secured by Bitcoin. Its latest development is the world's first trustless and self-custodial Bitcoin staking protocol, which allows Bitcoin holders to stake their Bitcoin on Proof of Stake (PoS) systems (such as PoS chains, L2, Data Availability (DA) layers, etc.), enabling them to earn returns without the need for third-party custody, cross-chain bridges, or packaging services. Babylon's approach combines Bitcoin's high security and widespread adoption with the efficiency and scalability of PoS systems, increasing Bitcoin's utility. Babylon was founded in 2022 by Stanford University professors David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is known for inventing the legendary proportional fairness scheduling algorithm. Babylon is led by a team of consensus protocol researchers and experienced L1 blockchain engineers from around the world.

For more information about Babylon Labs, please visit:
Official Website | Twitter | Discord | Linkedin

About Anchorage Digital

Anchorage Digital is a crypto platform designed to help institutions participate in digital assets through custody, staking, trading, governance, settlement, and industry-leading security infrastructure. Anchorage Digital is the only federally licensed crypto bank in the United States. As the parent company of Anchorage Digital Bank N.A., Anchorage Digital also provides services to institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, etc.

The company is backed by leading investors including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, and was valued at over $3 billion in its Series D round. Founded in 2017, Anchorage Digital is headquartered in San Francisco, California, with offices in New York, Porto, Portugal, Singapore, and Sioux Falls, South Dakota.

For more information, visit anchorage.com, follow @Anchorage on X, or check out Anchorage on LinkedIn.

About Sui

Sui is a unique Layer 1 blockchain and smart contract platform designed from the ground up to make ownership of digital assets fast, private, secure, and accessible to everyone. Its object-oriented model based on the Move programming language supports parallel execution, sub-second confirmations, and a rich set of on-chain assets. With horizontally scalable processing and storage capabilities, Sui supports a wide range of applications at unparalleled speed and low cost. Sui is a leap forward in blockchain technology, allowing creators and developers to build amazing, user-friendly experiences on it.

This article comes from a contribution and does not represent the views of BlockBeats