Babylon will launch its second phase on April 10th, releasing the L1 blockchain Babylon Genesis

The Bitcoin staking protocol Babylon has announced that the Babylon Genesis chain is scheduled to be publicly released on April 10, 2025 at 18:00 Beijing time. Prior to this, it will undergo a brief setup period (used to activate key components such as validator nodes, finality providers, supervisors, bridges, etc.). This arrangement marks the second phase of Babylon's launch of the Bitcoin staking protocol. At the start of the second phase, eligible airdrop recipients will receive BABY tokens in their registered BABY wallet without the need to claim them. The transfer and staking of BABY tokens will be activated on the first day. It is reported that Babylon Bitcoin staking will be launched in three stages. The first stage is to lock in Bitcoin staking to expand supply. The second stage is to launch the Layer 1 blockchain Babylon Genesis based on Cosmos SDK. The third stage is to launch other BSNs (which will allow other networks to access Bitcoin staking security and liquidity through Babylon Genesis).