DeFi.Gold, a leading decentralized exchange (DEX) and NFT marketplace on the Bitcoin blockchain, announces a strategic alliance with Babylonchain. This integration, available by Q4 2024, will allow DeFi.Gold users to stake Bitcoin (BTC) and earn native yields on other blockchains supported by Babylon, directly on the DeFi.Gold DEX.
This integration allows users to benefit from DeFi.Gold’s scalability and efficiency while earning altcoin yields, opening new avenues for producing yields and enhancing ecosystem security.
“We are thrilled to join forces with Babylon. This integration enhances our platform’s capabilities, offering our users new opportunities for participating in staking yields on many networks with BTC while contributing to their network security.” – Mona Coyle, CEO of DG Labs Ltd.
The platform integrates with major Bitcoin web wallets and supports Lightning Network transactions for fast, low-cost operations. DGOLD, the governance token, empowers community-led decisions, driving innovation in decentralized finance on the Bitcoin blockchain.
Babylon’s mission is to scale Bitcoin to secure the decentralized world. To achieve this, Babylon utilizes the three primary facets of Bitcoin: its asset, its reliable timestamping service, and its most censorship-resistant blockspace in the world. To leverage these facets, Babylon is developing three innovative security-sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. Through these pioneering protocols, Babylon envisions a more secure and decentralized future.
Email: info@defi.gold
Website: www.defi.gold
X: https://x.com/TeamDefiGold
For Babylonchain:
Email:swood@babylonchain.io
Website: www.babylonchain.io
X: https://x.com/babylon_chain
This press release contains forward-looking statements based on current management expectations. These statements are not guarantees of future performance and involve risks and uncertainties. DeFi.Gold assumes no obligation to update these statements.
ContactCEOMona Coyleinfo@defi.gold
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
