Dec 10, 2024
Pivotal integrates with Babylon as a Bitcoin Secured Network
Main Takeaways:Pivotal has committed to becoming one of the first institutional-grade Bitcoin Secured Networks.Pivotal is enabling Bitcoin's $1.9T market cap to generate yields through both DeFi activities and commercial engagement.Enterprise-ready infrastructure combines Ceffu custody and Snapchain security with strategic partnerships across ThorChain, Avail, and EigenLayer, connecting the $320B Bitcoin staking opportunity with mainstream commercial applications.Bitcoin stakers can participate in the upcoming Cap-3 beta launch from December 10, earning enhanced early rewards through both Babylon and Pivotal Points.Pivotal extends the capabilities of the Babylon Bitcoin staking protocol by connecting Bitcoin's security with mainstream commercial and DeFi applications through its Bitcoin Secured Network (BSN). Through its flagship Bitcoin Liquid Staking Token (plusBTC), Pivotal enables Bitcoin holders to participate in both DeFi yield opportunities and commercial applications while maintaining Bitcoin's fundamental security properties. How Pivotal extends Babylon's functionality: Pivotal combines Babylon's Bitcoin staking infrastructure with enterprise-grade security to create a comprehensive ecosystem for commercial applications. The platform integrates Ceffu's institutional custody services with Snapchain's Bitcoin fast-finality security infrastructure, deployed across the OP Stack ecosystem. This integration enables traditional businesses to confidently incorporate plusBTC into their operations.The platform supports several key use cases:DeFi applications through partnerships with ThorChain, Avail, and EigenLayerCommercial yield generation through real-world engagementInteroperability with other Bitcoin liquid staking protocolsEnterprise-ready infrastructure for mainstream adoptionPivotal's Ecosystem Participants:Bitcoin Stakers: Participate in both DeFi activities and commercial yield opportunities through plusBTCCommercial Partners: Integrate plusBTC into their operations using enterprise-grade infrastructureDeFi Protocols: Collaborate to extend plusBTC utility beyond traditional DeFi primitivesNetwork Validators: Secure the network through the Babylon protocolCap-3 Beta Launch: Starting December 10, 2024 (11AM UTC), Bitcoin holders can participate in a limited beta program on Pivotal:Duration: 1,000 BTC blocks (approximately one week)Maximum stake: 5,000 BTC per transactionUnbonding fee: 0.00032 BTCRewards: Babylon Points, Pivotal Points and $B2 tokens through B² Network's Finality Provider for early participantsDistribution:First 300 BTC blocks: 100,000 points per blockRemaining period: 21,000 points per blockAbout PivotalPivotal is revolutionising Bitcoin's role in the global economy by transforming the world's largest digital asset from a static store of value into an accessible, yield-generating force for mainstream adoption. Built on the MIT-licensed OP Stack, and powered by Babylon's Bitcoin staking and Ceffu's institutional-grade custody, Pivotal combines enterprise security with unparalleled distribution through global media and retail partnerships. Backed by LIF, the Goldman Sachs and Binance Labs veteran-led crypto fund, Babylon Labs, architect of Bitcoin Secured Networks, and THORChain, pioneer in permissionless Bitcoin trading with $284M daily volumes, Pivotal is bridging Bitcoin's $1.9T market cap with DeFi innovation and mainstream commercial applications, driving toward our vision of bringing productive Bitcoin ownership to the next billion users.Users can follow Pivotal’s latest development:Website | Twitter | Discord | Docs | LinkedInAbout Babylon LabsBabylon is a project that focuses on 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 other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. Babylon combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility. Babylon was founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications. Babylon is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, please visit:Website | Twitter | Discord | Linkedin
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