Victoria, Seychelles, August 22, 2024, Chainwire

Bitget Wallet, the leading Web3 wallet, has integrated support for the Babylon Bitcoin Staking Mainnet and launched a dedicated Dapp section for the Babylon ecosystem within the wallet. This development simplifies the Bitcoin staking process, allowing users to easily stake their BTC via Babylon with a single click on Bitget Wallet, earn rewards, and contribute to the security of PoS networks at the same time.

Babylon Babylon is a project that designs Bitcoin security protocols with the vision of building a Bitcoin-secured decentralized world. The latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which allows Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc., earning yield without the need for third-party custody, bridge solutions, or wrapping services. Babylon’s approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, thereby increasing the utility of Bitcoin.

Bitget Wallet is committed to building a comprehensive Bitcoin ecosystem and has become a leader in this field. The wallet currently supports BTC asset listing, remittances, swap transactions, OTC trading, and the inscription of BRC20 and ARC20 formats, along with market data for inscription. In addition, Bitget Wallet has upgraded its Launchpad function to support BRC20 asset launches, giving users access to new assets and opportunities. The integration of the Lightning Network and other Layer 2 solutions provides users with convenient services for entering the Bitcoin Layer 2 ecosystem. By incorporating staking functionality, Bitget Wallet continues to support the ongoing development of Bitcoin, transforming it from a mere store of value into a dynamic asset that plays a crucial role in the security and growth of decentralized networks.

Bitget Wallet also plans to partner with Babylon during the mainnet’s Cap2 phase to launch a staking rewards program, which will provide users with additional opportunities to earn rewards, further expanding the benefits of participating in the Bitcoin staking ecosystem.

Alvin Kan, COO of Bitget Wallet, emphasized the importance of this partnership: “By integrating with Babylon, we are not only ensuring the highest levels of security for our users, but we are also driving innovation in the staking space. This integration allows our users to maximize their asset growth while actively contributing to the security of blockchain networks.”

About Bitget Wallet

Bitget wallet is known as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-positioned to develop an emerging DeFi ecosystem through co-creation and strategic incubation. In addition to a powerful Swap feature, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting 100+ major blockchains, 250,000+ tokens, and a wide range of DApps, Bitget Wallet is your best wallet for asset discovery and Web3 exploration.

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