Nomic and Babylon Collaborate to Launch Bitcoin Liquid Staking Token

April 10, 2024 Tóth Balázs

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The team behind the layer 1 blockchain Nomic has entered into a collaboration agreement with the Babylon bitcoin staking protocol to jointly launch a bitcoin liquid staking token (LST) called stBTC. Babylon also assists in maintaining Nomic’s security through BTC and NOM staking, utilizing a dual staking solution. Individuals can stake BTC with Babylon, earning NOM tokens and nBTC rewards, which can be redeemed for BTC.

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Nomic and Babylon Collaborate to Launch Bitcoin Liquid Staking Token

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