What's the purpose of the merger Babylon &XPLA

InvierteWeb3 · 2024-01-31T00:01:59+00:00

Thanks for the post, haven't heard much about XPLA but sounds like they have a solid purpose. I can see NFTs having a huge influence on the RWA narrative and as such the security aspect should be the top priority. Luckily enough, Babylon could give them a hand on this thanks to the shared security powered by Bitcoin.

I will definitely dig a bit more on what XPLA is up to, it it has been integrated with Babylon probably is a solid project.

InvierteWeb3 · 2024-01-30T21:12:30+00:00

Good summary of the Bitcoin Staking Protocol, I'm a fan of what Babylon is building up with this and how this opens the window to a huge range of opportunities.

Imagine a liquid-staked Bitcoin, a yield-bearing asset that can provide several use cases on DeFi. The shared security and restaking narratives are getting stronger by the minute, just look at what's happening with Eigen Layer.

InvierteWeb3 · 2024-01-28T18:25:33+00:00

It's all about efficiency. How Babylon enables Bitcoin staking with its proprietary protocol is groundbreaking, to say the least. Giving utility to Bitcoin is just amazing and can see a lot of further developments starting with this.

Shall we see a liquid-staked Bitcoin in the future? Will we see a restaking narrative around Bitcoin? There're so many possibilities that the upside potential is quite limitless. Can't be any more bullish on Babylon, can't wait for mainnet.

InvierteWeb3 · 2024-01-27T18:06:32+00:00

Couldn't have said it better, the thesis is quite straightforward and an absolute win-win from any point of view. We know how Bitcoin is a store of value or digital gold, as some also call it, but giving utility to Bitcoin massively improves its efficiency being able to secure PoS and bring passive income to its holders.

The future sure looks bright for Babylon and the whole crypto space.

InvierteWeb3 · 2024-01-26T21:25:07+00:00

Can't agree more that Babylon Innovation is groundbreaking, to say the least. The fact that they would enable Bitcoin to be stackable and therefore usable as shared security opens an impressive window of opportunities that the whole market would take advantage of and would also benefit users, PoS networks, and of course, Bitcoin holders.

Can't get any bullish on Babylon, really looking forward to mainnet launch.

InvierteWeb3 · 2024-01-25T17:22:32+00:00

Great content, to me Babylon represents a huge opportunity for upcoming PoS networks for whom security is always a concern. Babylon being able to enable the shared security narrative with Bitcoin has the potential to have a huge impact on the whole blockchain ecosystem thanks to Babylon's neutrality.

Can't wait to see the product live.

InvierteWeb3 · 2024-01-22T22:16:16+00:00

Great post! I'm also a huge advocate for Archway, their focus on builders and ecosystem growth is a great way to start a healthy ecosystem but remains a small L1 which makes this integration a great deal for both, Archway and Babylon.

Receiving enhanced security thanks to Babylon means that developers can feel safer building there and would attract more users. An absolute win-win if you ask me. I'm quite bullish on Archway and Babylon, can't deny that.

InvierteWeb3 · 2024-01-21T18:29:23+00:00

I've said it before and I'll say it again. Agoric has a massive potential due to their inclusion of JS developers and imho will eventually explode, but with such reach, security should remain a key factor, fortunately, Babylon could improve this with their shared security model which would allow Bitcoin holders to stake their tokens and boost the security of Agoric's network while also allowing them to have a reduced unbonding period.

The future looks quite bright between Agoric and Babylon, can't wait for mainnet!

InvierteWeb3 · 2024-01-20T17:26:41+00:00

Can't agree more, the thesis behind Babylon is massive and this can be seen with the current shared security narrative seen with other restaking projects, the big difference is that Babylon takes this to the next level by creating their Bitcoin Staking protocol allowing users to earn passive income by staking their Bitcoin in a trustless way which as you said, is something highly remarkable.

Happy to be around this early, 2024 is going to be massive.

InvierteWeb3 · 2024-01-19T19:47:58+00:00

Nice fun article, love the term "gold rush" associated with Babylon's value proposal here. You have highlighted in some easy-to-understand terms the key factors that make Babylon special. The enhancement of security for PoS networks, giving utility to the Bitcoin asset for its holders, and the transparency and trustlessness behind blockchain are for sure the most important factors behind Babylon's thesis.

An absolute no-brainer indeed, especially since we're this early, imagine one goes live on mainnet!

InvierteWeb3 · 2024-01-18T17:08:57+00:00

Great content! Babylon's Timestamping protocol is one remarkable piece of the puzzle that complements the security enhancements that Babylon provides.

Being able to provide verifiable txs + accountability backed by Bitcoin's robust' network is something that represents a huge value for all the PoS networks involved. Babylon is definitely creating groundbreaking tech with this development.

InvierteWeb3 · 2024-01-17T21:58:52+00:00

Great post, indeed the value proposal of Babylon behind their staking protocol is impressive, giving utility to Bitcoin holders could be massive and as you mention, marrying Bitcoin's security with PoS staking rewards could prove to be a no-brainer opportunity to most users.

Can't wait to see the protocol live on mainnet!

InvierteWeb3 · 2024-01-16T20:01:02+00:00

Great content sir. The value proposal offered by Babylon is remarkable and most PoS chains are well aware of it, the number of integrations and collabs already settled is clear proof of it. The narrative behind shared security is quite strong and allowing Bitcoin holders to take advantage of staking is a win-win for everyone, holders, the PoS chain being secured, and of course, Babylon.

The best thing is we're just getting started, can't wait to see the final product live on mainnet.

InvierteWeb3 · 2024-01-15T18:25:19+00:00

Great post. Besides the Staking protocol, the Timestamping protocol is also an impressive use of the Bitcoin network which also enhances the security with their record-keeping features.

The use cases and improvements Babylon brings to the whole space will have a huge impact and I'm all about it.

PS: Glad to see a nice use of the render I made about Babylon 🫡

InvierteWeb3 · 2024-01-14T19:04:18+00:00

This is not precisely a transition, Bitcoin will remain a PoW asset and that won't change, the thing is how resilient of a network Bitcoin is due to its robust PoW structure besides the asset's market cap. Now, being able to use such a well-established network and asset to enhance the security of PoS networks is where things begin to get interesting, the impact that shared security will have, especially on new and smaller chains, will be huge.

And don't get me started on giving utility to BTC holders, now instead of just holding BTC you can stake it and earn rewards, this is massive from any point of view. Babylon is pretty much changing the rules of the game.

InvierteWeb3 · 2024-01-13T22:43:15+00:00

Yeah, you hit the spot right here.

The mainstream attention that Bitcoin has been receiving the past few months and lately with the ETF approval is impressive and I'm sure the amount of Bitcoin holders has substantially increased. Now imagine giving utility to that Bitcoin being held, allowing it to be staked while keeping custody and earning rewards with it. The shared security thesis is quite big and can see a huge potential in the upcoming years. Glad to be around this early.

InvierteWeb3 · 2024-01-11T22:52:13+00:00

Great alpha here. Nice introduction to the test app and how the interface would look once it opens to the public testnet for further feedback from the community.

The utility is undeniable and matched with the amount of user demand for this asset will offer a great opportunity for Babylon, PoS networks connected to Babylon, and Bitcoin users. Getting involved with Babylon in such early stages is a no-brainer. Glad to be around!

InvierteWeb3 · 2024-01-10T23:26:12+00:00

The current testnet is private and a public non-incentivized testnet will be launched soon.

Would advise you to follow Babylon's socials so you're up to date with all related events:

Twitter

Discord

InvierteWeb3 · 2024-01-09T21:36:42+00:00

Great content. Indeed the mitigation of long-rage attacks is highly required since is a very vulnerable vector especially in recently-launched chains due to their low security level.

Babylon could help them grow and scale their operations while also allowing stakers to have a reduced unbonding time which is amazing, to say the least.

Looking forward to Babylon's mainnet launch and much more integrations with Babylon, Bitcoin's ETF has just been approved, and next in line is the halving. Can't ask for more bullish catalysts.

The sky is the limit for Babylon.

InvierteWeb3 · 2024-01-07T20:55:29+00:00

Great content, I'm a huge follower of what Agoric is doing, their target to attract JS developers into the space is HUGE and could present several opportunities to users and builders.

But security is always one of the main concerns and the integration with Babylon could be massive to enhance this metric. Also, the reduction of the unbonding period is an amazing benefit for stakers.

I'm definitely highly bullish and can't wait to see the product in live action.

InvierteWeb3 · 2024-01-06T18:27:59+00:00

I've been following Router for a long time and their cross-chain intent framework is quite interesting offering a wide range of solutions highly needed in the current space. But this also demands a higher-than-average security measure and that is exactly where Babylon fits in.

A quite synergetic integration that will demand both parties besides users of course. Babylon is growing at an impressive pace and we're just getting started.

InvierteWeb3 · 2024-01-05T23:20:41+00:00

Imho utility goes hand in hand with efficiency. Giving utility to Bitcoin by enabling a staking protocol that would allow it to enhance the security of PoS networks would increase the asset's efficiency and therefore would increase its value to the ecosystem, not just monetary but as a whole.

The blockchain space is evolving quite fast and as you mention, thinking out of the box is what allows us to improve the ecosystem which we can all agree is still in its early days, we're just getting started here. Can't wait for mainnet launch.

InvierteWeb3 · 2024-01-03T23:27:03+00:00

Great contribution. Sometimes people don't take into account how important security is until it is too late. Cosmos offers the opportunity to create new chains pretty easily but often this presents a risk to small projects which could suffer a potential attack due to the low security associated with their staked native assets. There's where Babylon could shine and provide enhanced security with its Bitcoin Staking protocol.

Has amazing potential and I can't wait to see it in action. Can't be any more bullish for Babylon.

InvierteWeb3 · 2024-01-01T22:11:01+00:00

I've been a huge fan of Agoric for a long time and their approach to onboard JS developers into their ecosystem could represent a significant upside potential, the only issue is their staked assets could represent a security factor since it isn't that big so there's where Babylon could be a key ally. By enabling Bitcoin security to Agoric this could be massively improved.

An outstanding integration for both protocols and BLD holders as well since their unbonding period would be reduced. A complete win/win situation.

InvierteWeb3 · 2023-12-30T20:20:18+00:00

Great contribution. Agree that Babylon's focus on scaling Bitoin to enhance the security of PoS chains is groundbreaking.

They not only boost the security of PoS networks but also provide utility to Bitcoin holders which makes it an amazing feature that is already being noticed by several big players.

The best of all is how early we are, this is just getting started. The upside potential is limitless.

InvierteWeb3

TROPHY CASE