@snazzysquirrel
looking at data from @DefiLlama, we immediately see that the (re)staking sector accounts for over 90% of BTCFi's TVL.
On this front, @babylonlabs_io has pioneered trustless Bitcoin staking by using Bitcoin’s native time-locking mechanism and scripting language.
This allows BTC holders to earn yield by contributing to the security of PoS networks, known as Bitcoin Supercharged Networks.
Babylon’s market position is a testament to its success; with a TVL of over $5.8 billion, it ranks second among all crypto restaking protocols and represents over 70% of BTCFi’s total TVL.
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