Babylon airdrop participation is currently limited to associated projects, mainly including Kinza, Lorenzo, Solv, and BOB among others. You can withdraw Bitcoin from Binance Exchange to the BNB chain, then stake it to convert it into a Bitcoin-pegged token, which will enable you to earn Babylon and other related project points for future airdrops.
Babylon has launched airdrop registration!
If you have participated in any activities of this project before, please ensure to register to avoid missing the airdrop. Eligibility criteria If you have participated in any of the following projects, you may qualify for a separate airdrop. Stay tuned for more announcements in the near future.
- Visit Website and connect your Bitcoin wallet:
- If you own an NFT Pioneer Pass, please connect your EVM wallet. You can also connect another Bitcoin wallet:
You can earn the Babylon airdrop in the following ways:
By holding Lorenzo’s stBTC to earn future Babylon airdrops. Below are guides on how to participate in the Lorenzo airdrop:
Lorenzo: English Guide, Chinese Guide, Japanese GuideYou can earn future Babylon airdrops through Solv Protocol’s SolvBTC. Below are ways to participate and earn Babylon, Solv, BOB, and Owlto points;
Solv and BOB one fish four eats: English Guide Chinese Guide Japanese GuideYou can deposit BTC into the Kinza protocol to receive kBTC.
More information related to Babylon can be found here
Babylon Project Overview
Babylon is a Bitcoin staking protocol, centered around a POS public chain compatible with Cosmos IBC. It allows users to lock BTC on the Bitcoin mainnet, providing security for other POS consumer chains, and earn staking rewards.
The project covers multiple tracks including the Bitcoin ecosystem, Bitcoin programmability, Bitcoin Layer 2, Bitcoin staking, re-staking, shared security, modularity, and Cosmos ecosystem, aligning with mainstream narratives in the market and generating significant interest. The team’s technical strength is strong, with total financing exceeding $96.8 Million, and ecosystem partners including over 60 Cosmos application chains, wallets, Bitcoin L2, and DeFi protocols. The project is still in the testing phase, and the mainnet has not been launched. The token economic model has yet to be announced and may face challenges related to market acceptance, staking demand, and leverage risks.
1. Project Introduction
Babylon provides security for other POS chains through BTC staking while allowing BTC holders to earn rewards. Its core architecture is a POS public chain based on Cosmos SDK, enabling interoperability between Bitcoin and the Cosmos ecosystem.
The project was established in February 2023 and has not yet launched the mainnet or issued tokens. This report will analyze Babylon’s team, financing, technology, ecosystem, economic model, and development status.
2. Narrative Analysis
In the crypto market, narratives are key factors influencing project value and market sentiment. Successful narratives can attract investor attention and drive project development.
2.1 Lessons from the success of Ethereum liquid staking
Ethereum liquid staking (e.g., Lido, EigenLayer) has attracted billions of dollars. EigenLayer provides security for POS chains through ETH staking, achieving a TVL exceeding $13 Billion in just 5 months, with governance token valuations potentially reaching $3-15 Billion.
2.2 Replicating the EigenLayer model to Bitcoin
Bitcoin’s market cap is approximately $1.4 Trillion, three times that of ETH. If the EigenLayer model can be leveraged to release BTC liquidity, it could create a new market and attract significant funds.
Babylon aims to expand Bitcoin’s applications, moving beyond being seen merely as “digital gold” to provide economic security like ETH. It also seeks to promote the secondary staking market for BTC and enhance liquidity.
2.3 Modular trend and Bitcoin ecosystem explosion
Modularity has become an industry trend, with DA projects such as Celestia and EigenDA emerging one after the other. Babylon adopts a modular architecture, which can be integrated into other POS networks, fitting this trend.
At the same time, the Bitcoin ecosystem is rapidly developing, with significant growth in Layer 2 and programmability projects, leading investors to actively seek BTC staking solutions. Babylon is at the core of this track, with great development potential.
2.4 Solving core problems
Babylon primarily addresses:
- Low yield for BTC holders: provides staking rewards mechanism;
- Few application scenarios for Bitcoin: expands BTC’s uses in DeFi and POS ecosystems;
- Bitcoin security not scalable: supports BTC staking to more POS networks, enhancing security.
In summary, Babylon combines multiple tracks including Bitcoin ecosystem, Layer 2, staking, re-staking, shared security, modularity, and Cosmos ecosystem, aligning with mainstream narratives, and is worth paying attention to.