The Babylon Staked BTC page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

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Babylon Staked BTC

Overview

Status

Mainnet

Type

Natively Staked BTC

BTC Supply

₿0

Babylon Staked BTC is native BTC locked in L1 staking scripts.

BTC Supply

Total supply per day

Supplycoming soon

TVL Data Coming Soon

We're currently gathering and building data infrastructure for this network. TVL analytics will be available soon.

Assessment

Asset Custody

Babylon Staked BTC is native BTC locked in L1 staking scripts

Babylon Staked BTC is native BTC locked in a L1 staking script. Users lock their funds in the script with the help of a covenant emulator committee. Users can withdrawal their funds from the script at any time with the help of the covenant emulator committee. If the committee is offline, users can spend their funds after a timelock expires.

Staked BTC comes with additional trust assumptions such as slashing conditions. We are reviewing these trust assumptions related to Babylon.

Token Contracts

Token Contracts Coming Soon

We're working to collect the various BTC-backed token contracts for this network. Contract addresses will be available soon.

Further sections to be reviewed

Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.

This project is under review

We are currently evaluating this project's technical implementation and categorization.