Behold, dear connoisseurs of cryptic marvels—SatLayer has alighted upon the grand stage of finance, fluttering its eyelashes most coyly at dear old Bitcoin. Together with Cube (that ravishing liquid staking contraption for the native BABY token of Babylon Genesis), they vow to whisk blockchain into a cryptic waltz unlike any we’ve seen. (Yes, I see you nodding, you sly fox. Let’s see if cynicism or wonder wins out. 😏)
SatLayer framework’s theatrical entrance on Babylon’s mainnet
SatLayer, that all-in-one DeFi labyrinth, announces with regal glee the arrival of its fully functional version on the blossoming Babylon Genesis Mainnet. Darling, it practically curtseys to be recognized among the first commercial dApps in this new realm. The official debut bodes well for Bitcoin’s metamorphosis into a prancing DeFi luminary—less chain-bound, more star-kissed. ✨
Babylon Genesis Mainnet launch 🎉
“What excites me most about Babylon Genesis is creating a new foundation for blockchain infrastructure that combines Bitcoin’s unmatched security with the performance and flexibility needed for modern applications.”
In a recent interview at…
— Babylon (@babylonlabs_io) April 11, 2025
Yes, SatLayer aspires mightily to catapult Bitcoin’s vast liquidity beyond the humdrum constraints of L1/L2, ensuring its grandeur lends itself to any DApp or protocol worthy of such affection. From everyday apps to the grander cosmos of L1/L2 ecosystems, SatLayer teases the possibility of under-collateralized loans, slashing insurance, and on-chain prime brokerage—like a dashing suitor swooping in with a flourish of a rose. 🌹
Fisher Yu, cofounder of the Babylon Bitcoin staking protocol, tosses a confetti of compliments upon our newcomer:
We’re excited about SatLayer’s launch on Babylon and what this means for BTC-powered applications and infrastructure. SatLayer will help expand the Babylon Genesis ecosystem, and we’re looking forward to seeing what SatLayer and their other integrators will build on Babylon Genesis.
Graced by over $250 million in BTC deposits at the outset, SatLayer aims to anchor Bitcoin DeFi and speed up its transformation into a truly versatile asset—surely the kind of debut that makes the audience swoon. 🎩✨
Cube liquid staking solution beckons BABY depositors
In an ode to Babylon Genesis—and that adorable BABY token—SatLayer has concocted Cube, a liquid staking solution that gently entices holders to stake BABY in exchange for cBABY, thus nibbling on further rewards. Picture a blossoming orchard of yield, with each branch promising more fruit than the last. 🍎💰
Luke Xie, cofounder of SatLayer, dubs this unveiling a thrilling leap in the quest for Bitcoin-backed DeFi dominion:
Beyond native BABY staking, the introduction of cBABY with the launch of Cube creates a multiplier effect on BABY’s efficiency and yield generation. Our goal is to connect the broader ecosystem in a way that scales security alongside adoption, without requiring a proportional increase in locked capital.
Cube allows enthusiasts to liquid-stake BABY and acquire cBABY, thereby opening a playful path into SatLayer and other DeFi realms—like Tower, that local DEX, or an array of lending protocols. And because Cube is embedded in the Babylon cosmos from birth, bridging becomes as unnecessary as polka-dotted socks at a formal dinner. 👀✨
All in all, dear reader, bolster Babylon’s security, cultivate the SatLayer orchard, and delight in multiple streams of spoils that swarm from Bitcoin’s transformation. After all, who doesn’t want to watch BTC spread its wings? 🦋💰
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2025-04-11 17:45