Investor
CurrentLead the first round. Founded by Stanford Prof. David Tse, Babylon aims to leverage bitcoin network security to enhance PoS chains. Babylon unlocks the 21M Bitcoins to Secure the Proof-of-Stake Economy. Proof-of-Stake chains together with Proof-of-Work Bitcoin each occupies half of the crypto economy but are economically isolated. We propose the concept of Bitcoin staking to integrate the two economies by allowing idle bitcoins to be staked on PoS chains to increase their economic security while getting PoS yield. Our Bitcoin staking protocol allows bitcoin holders to securely stake their bitcoins without bridging to the PoS chain, while providing first-of-class security to the chain. The protocol supports fast stake unbonding to maximize liquidity for the bitcoin holders.