Babylon has announced the launch of its Phase-2 testnet, bbn-test-5, set for January 8, 2025, at 9 AM UTC. This phase introduces significant upgrades including an enhanced staking web app aimed at testing new features in the Babylon Proof-of-Stake chain.
Objectives and Innovations of bbn-test-5
The testnet aims to improve interoperability and foster collaboration among key protocol participants. The Babylon Phase-2 testnet integrates both Bitcoin PoS stakes and Signet Bitcoin stakes, with a focus on supporting developers, stakers, and participants.
Registration and Functionalities
Users can register their Phase-1 stakes and explore new functionalities using the upgraded staking web app, which goes live at 10 AM UTC on January 8. The testnet also supports the deployment of permissionless smart contracts, making it a great opportunity for stakers, developers, and wallets to collaborate.
Participation and Partnerships
It's important to note that the tokens used in this testnet are simulated and have no monetary value. Babylon has partnered with BOB to enhance Bitcoin liquidity in DeFi while maintaining the security of Bitcoin’s blockchain. Participants can access testnet faucets that distribute Signet Bitcoin and tBABY tokens, enabling new stakes creation and migration of Phase-1 stakes.
The launch of the bbn-test-5 testnet marks a crucial development stage for Babylon, offering new possibilities for developers and participants. It is expected to play a significant role in improving engagement with the PoS ecosystem.
