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Babylon Labs teams up with SatLayer to unlock DeFi for Bitcoin

Babylon Labs, a leading BTC staking protocol, has partnered with SatLayer to bring Bitcoin staking and restaking to more users. SatLayer will offer restaking opportunities for users of the Babylon protocol, allowing for programmable Bitcoin slashing. This collaboration aims to improve staking and restaking on Bitcoin and expand its utility within the decentralized finance ecosystem. Babylon Labs has secured backing from major venture capital firms and has partnered with other ecosystem players to expand the Bitcoin DeFi ecosystem. Users can stake BTC across PoS chains, layer-2 networks, and data availability layers and earn staking rewards.

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