Babylon Launches Genesis Mainnet, Unlocking Bitcoin Role in PoS Security and Yield Generation

Bitcoin staking protocol Babylon launches its Genesis mainnet, aiming to transform BTC into a yield-bearing asset securing a broader PoS ecosystem.

Babylon, a Bitcoin-native staking protocol, has officially launched its Genesis mainnet—marking the second phase of its ambitious three-part rollout. Announced on Thursday, the milestone positions Babylon as a pioneer in leveraging Bitcoin’s unmatched security to power a new generation of proof-of-stake (PoS) applications.

The project, which debuted in August 2023, has already attracted over 57,000 BTC in total value locked (TVL)—equivalent to more than $4 billion at current prices. The Genesis launch lays the groundwork for what the team calls “the world’s first L1 blockchain secured by Bitcoin.”

Unlike traditional staking models where users delegate native PoS tokens, Babylon allows Bitcoin holders to participate directly in a staking mechanism while maintaining self-custody. Users lock their BTC to earn staking yields, simultaneously lending Bitcoin’s unparalleled security to PoS networks that require finality guarantees.

“Bitcoin has always been the benchmark for security, but until today, that security has been limited to the Bitcoin network itself,” said Fisher Yu, co-founder of Babylon. “Through Babylon Genesis, Bitcoin is evolving from an underutilized asset into a dynamic cornerstone of the broader digital economy.”

The Genesis phase follows Babylon’s testnet development and early funding rounds that brought together key Web3 investors. The protocol raised $8 million in seed funding in March 2023, followed by an $18 million Series A co-led by Polychain Capital and Hack VC. Around its testnet debut in 2024, Babylon secured an additional $70 million in strategic backing from Paradigm.

Now, with its Genesis mainnet online, Babylon is poised to deliver on the promise of cross-ecosystem Bitcoin utility. Integration partners are already lining up: major custodial services such as BitGo and Anchorage, as well as non-custodial wallets from Binance and OKX, are planning to support Babylon staking. Meanwhile, Cosmos-based DEX Osmosis announced its own intention to integrate the protocol.

Babylon’s validator equivalent—referred to as “finality providers”—includes notable crypto infrastructure players like Allnodes, Figment, and Galaxy Digital. These providers help maintain uptime and verify transaction finality, ensuring Babylon’s PoS security layer runs smoothly.

Babylon Genesis represents a new model where Bitcoin can support the broader Web3 stack without compromising on decentralization or user sovereignty. As its phased rollout continues, the protocol aims to establish BTC as not only a store of value—but also as a programmable, yield-bearing asset for the multi-chain era.

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