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Babylon Foundation

Babylon Foundation is the organization behind the Babylon Protocols, a suite of tools designed to bring Bitcoin's security to Proof-of-Stake (PoS) chains like the Cosmos ecosystem. These protocols include a Bitcoin staking protocol and a time-stamping protocol, which help secure new zones, enable faster stake unbonding, and protect against long-range attacks. The foundation is launching Babylon Genesis, a Bitcoin Supercharged Network (BSN) with its native token, BABY, to further facilitate these native use-cases for Bitcoin.

George Town, CYM

Overview

Description

Babylon Foundation is an exempted Cayman Islands foundation company that supports the development of the open-source Babylon Protocols. These protocols aim to build native use-cases for Bitcoin and include a Bitcoin staking protocol and a time-stamping protocol. The foundation's main project, Babylon Genesis, is a Bitcoin Supercharged Network (BSN) with its own native token, BABY, which derives its crypto-economic security directly from Bitcoin. Users can interact with these protocols using third-party crypto wallets to perform actions like self-authorizing staking transactions. The Foundation clarifies that it does not operate or control the protocols, their validators, or finality providers, nor does it have custody of user assets. The website also provides information about an API and a token airdrop, which are managed by separate entities under their own terms.