Joining Babylon as a Genesis Validator
Unlocking Bitcoin's Full Potential
We're thrilled to announce that Kairos Research x Firstset will be a genesis validator for Babylon mainnet.
Babylon harnesses Bitcoin’s unparalleled security as the largest crypto asset by market cap to bolster the economic security of Proof-of-Stake networks.
Amongst the top crypto assets, Bitcoin remains the least volatile, thus allowing for PoS networks to inherit more reliable crypto-economic security.
But security is just one side of the equation, the other half: Liquidity.
Babylon has paved the way for Bitcoin LSTs to not only exist, but thrive. Lombard, the top Finality Provider on Babylon, currently has over 22k BTC staked. Of those ~22k BTC, approximately 64% are being used throughout DeFi. That is over $1bn of BTC LST liquidity injected into the crypto economy from just one project alone, all powered by Babylon.
As Bitcoin becomes cemented as an integral macro asset into the global financial system, there will be countless centralized financial products built around Bitcoin "yield", but we believe the superior ones will ultimately be created onchain via Babylon.
We look forward to continuously working alongside Babylon, and Babylon ecosystem projects to turn this vision to a reality and unlock Bitcoin's full potential - all onchain.
p.s. - lot’s of new research coming soon