Bitcoin doesn’t have staking, so where is the BTC actually going—and who controls it?
That question pulled me into Babylon.
What I’ve understood so far is that the BTC stays on the Bitcoin network. It isn’t wrapped or sent across a bridge. You lock it using Bitcoin scripts and choose a finality provider that helps secure another network.
That’s a lot more interesting than I expected.
Babylon currently shows more than 56,000 BTC staked. Its BABY token is used for fees, governance, and staking...