Victoria, Seychelles, August 22nd, 2024,
Chainwire
Bitget Wallet, the leading Web3 wallet, has
integrated support for the Babylon Bitcoin Staking Mainnet and
launched a dedicated Dapp section for the Babylon ecosystem within
the wallet. This development simplifies the Bitcoin staking
process, allowing users to easily stake their BTC through Babylon
with a single click on Bitget Wallet, earning rewards while
contributing to the security of PoS networks.
Babylon is a project that designs
Bitcoin security sharing protocols with a vision of building a
Bitcoin-secured decentralized world. Its latest development is the
world’s first trustless and self-custodial Bitcoin staking
protocol, which enables Bitcoin holders to stake their BTC on
Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data
Availability (DA) layers, etc, enabling them to earn yield without
the need for third-party custody, bridge solutions, or wrapping
services. Babylon's approach combines the high security and wide
adoption of Bitcoin with the efficiency and scalability of PoS
systems, increasing Bitcoin's utility.
Bitget Wallet is committed to building a comprehensive Bitcoin
ecosystem and has emerged as a leader in this space. The wallet
currently supports BTC asset display, transfers, swap transactions,
OTC trading, and the inscription of BRC20 and ARC20 formats, along
with market data for inscriptions. Additionally, Bitget Wallet has
upgraded its Launchpad feature to support BRC20 asset launches,
providing users with access to new assets and opportunities. The
integration of the Lightning Network and other Layer 2 solutions
offers users convenient services for entering the Bitcoin Layer 2
ecosystem. By incorporating staking functionality, Bitget Wallet
continues to support the ongoing development of Bitcoin,
transforming it from merely a store of value into a dynamic asset
that plays a crucial role in the security and growth of
decentralized networks.
Bitget Wallet is also planning to collaborate with Babylon
during the Cap2 phase of its mainnet to launch a staking rewards
program, which offers users additional opportunities to earn
rewards, further enhancing the benefits of participating in the
Bitcoin staking ecosystem.
Alvin Kan, COO of Bitget Wallet, emphasized the
significance of this collaboration: "By integrating with Babylon,
we are not only ensuring the highest levels of security for our
users but also driving innovation in the staking space.
This integration allows our users to maximize their asset
growth while actively contributing to the security of blockchain
networks."
About Bitget Wallet
Bitget
Wallet stands as one of the world's leading
non-custodial Web3 wallets and decentralized ecosystem platform.
With the Bitget Onchain Layer, the wallet is well-poised to develop
a burgeoning DeFi ecosystem through co-creation and strategic
incubation. Aside from a powerful Swap function, Bitget Wallet also
offers multi-chain asset management, smart money insights, a native
Launchpad, Inscriptions Center, and an Earning Center. Supporting
over 100 major blockchains, 250,000+ tokens, and a wide array of
DApps, Bitget Wallet is your top wallet for asset discovery and
Web3 exploration.
For more information, users can visit: Website | Twitter | Telegram | Discord
Contact
PR
team
media.web3@bitget.com