Nomic Unveils Bitcoin Liquid Staking Token Powered by Babylon's Bitcoin Staking Protocol

Today, the Nomic DAO Foundation announced its plans to integrate Babylon's pioneering Bitcoin staking protocol into its decentralized, non-custodial Bitcoin bridge. Leveraging Babylon's technology, Nomic is introducing stBTC, a groundbreaking Bitcoin Liquid Staking Token (LST). Additionally, through the integration of Babylon's Bitcoin staking protocol, Nomic will roll out dual-stake security, where Nomic will become secured both...