The co-founder and CTO of Babylon, Fisher Yu, has introduced Bitcoin staking as a native use case for the cryptocurrency. Babylon enables Bitcoin holders to stake their coins and secure other blockchains and decentralized systems, earning staking rewards in the process. The staked bitcoins remain in the holders' wallets and under their custody, ensuring the security of their assets. Babylon initially capped the number of stakes at 1,000, which filled up quickly, and later scaled its model to accommodate 10BTC blocks. So far, 24,000 bitcoins have been staked on Babylon, equivalent to a total value of approximately $2.5 billion. The project aims to eventually become a marketplace for Bitcoin holders to find various use cases and attract mainstream institutions, users, and capital to the crypto world.



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