DeFi.Gold, a major decentralized exchange (DEX) and NFT marketplace built on the Bitcoin blockchain, has announced a pivotal partnership with Babylonchain. This collaboration, slated for implementation by Q4 2024, will empower users of DeFi.Gold to stake Bitcoin (BTC) and earn yields on different blockchains supported by Babylon directly through the DeFi.Gold DEX.

The integration of Babylon's supported blockchains into DeFi.Gold presents users with extensive opportunities for yield generation and network security enhancements. By combining the strengths of both platforms, this alliance aims to revolutionize decentralized finance by offering innovative staking solutions.

Mona Coyle, the CEO of DG Labs Ltd, expressed great enthusiasm about the partnership with Babylonchain, highlighting the new possibilities it brings to users of the DeFi.Gold platform. By enabling users to participate in staking activities across multiple networks using BTC, this integration marks a significant step towards a more diverse and secure DeFi ecosystem.

DeFi.Gold: Pioneering Bitcoin Blockchain Innovations

DeFi.Gold is leading the way in revolutionizing the Bitcoin blockchain with its non-custodial DEX and NFT marketplace. Through its utilization of Bitcoin's L1 and Lightning Network, DeFi.Gold delivers enhanced scalability, operational efficiency, and advanced features.

The platform supports a range of tokens, including Taproot, RGB, and Rune-based assets, facilitating the exchange of various cryptocurrencies like memecoins, utility tokens, DAO tokens, and stablecoins. Additionally, the NFT marketplace of DeFi.Gold serves to boost liquidity for creators and collectors in the ecosystem.

Integration with prominent Bitcoin web wallets and seamless Lightning Network transactions further streamline operations, providing users with fast and cost-effective trading experiences. The governance token DGOLD plays a crucial role in enabling community-driven decisions, fostering a culture of innovation in decentralized finance on the Bitcoin blockchain.

Babylon: Innovating Blockchain Security with Vision

Babylon, established in 2022 by Stanford Professor David Tse and Dr. Fisher Yu, is a blockchain project dedicated to developing security-sharing protocols for the decentralized space. Backed by a team of consensus protocol researchers and seasoned layer 1 engineers from across the globe, Babylon aims to scale Bitcoin for enhanced security in the decentralized realm.

The core focus of Babylon lies in leveraging Bitcoin's asset, reliable timestamping service, and censorship-resistant blockspace to create cutting-edge security-sharing protocols like the Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. Through these protocols, Babylon envisions a future characterized by enhanced security and decentralization.

For media inquiries, please reach out to: - DG Labs Ltd. (DeFi.Gold): Email: [email protected] Website: www.defi.gold - Babylonchain: Email: [email protected] Website: www.babylonchain.io

This article contains forward-looking statements and does not represent guarantees of future performance. DeFi.Gold is not bound to update such statements.