Sui Network has partnered with Babylon to integrate Bitcoin staking, securing its position as a Bitcoin-Secured Network (BSN). This development enhances Bitcoin’s role in DeFi, allowing developers to create decentralized applications that capitalize on Bitcoin’s unique security.
The Babylon protocol redefines traditional proof-of-stake by utilizing Bitcoin staking instead of relying on token inflation. This innovative approach fosters a sustainable DeFi environment, aligning with the vision of a Bitcoin-secured decentralized ecosystem.
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