George City, Cayman Islands, June 7, 2024, Chainwire
DeFi.Gold, the main blockchain decentralized change (DEX) and NFT market, has introduced a strategic partnership with Babylonchain. The mixing, out there by This fall 2024, will allow DeFi.Gold customers to stake Bitcoin (BTC) and earn native yields on different Babylon-supported blockchains straight on the DeFi.Gold DEX.
Empowering decentralized finance
DeFi.Gold has been on the forefront of innovation and is growing one of many first DEXs for Bitcoin belongings, following Ordinals, Runes, Taproot Property and the RGB protocol, which is predicted to launch on the finish of June 2024.
This integration permits customers to learn from the scalability and effectivity of DeFi.Gold whereas nonetheless incomes yield on altcoins, opening up new avenues for yield era and enhancing safety within the ecosystem.
“We’re excited to affix forces with Babylon. This integration enhances the capabilities of our platform and offers customers with new alternatives to take part in staking earnings throughout many networks utilizing BTC, whereas additionally contributing to community safety.” – Mona Coyle, CEO of DG Labs Ltd.
About DeFi.Gold
DeFi.Gold is revolutionizing the Bitcoin blockchain with a non-custodial decentralized change (DEX) and NFT market. It’s constructed on Bitcoin's L1 and Lightning Community, offering larger scalability, effectivity, and superior options. It helps Taproot, RGB, and Rune-based tokens on the swap change, enabling buying and selling of a variety of belongings, together with meme cash, utility tokens, DAO tokens, and stablecoins. The NFT market will increase liquidity for creators and collectors.
The platform is built-in with main Bitcoin internet wallets and helps Lightning Community transactions for quick, low-cost operations. The governance token, DGOLD, permits community-driven decision-making and drives innovation in decentralized finance on the Bitcoin blockchain.
About Babylon
Babylon Based in 2022 by Professor David Tse and Dr. Fisher Yu of Stanford College, is a blockchain venture to design a safe sharing protocol for a decentralized world. Professor Tse is a member of the Nationwide Academy of Engineering and is famend because the inventor of the legendary proportionally honest scheduling algorithm for wi-fi communications, receiving prestigious awards such because the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Award. The venture is led by a staff of consensus protocol researchers and skilled Layer 1 engineers from all over the world.
Babylon's mission is to increase Bitcoin to safe the decentralized world. To realize this, Babylon leverages three key elements of Bitcoin: its belongings, its dependable timestamp service, and the world's most censorship-resistant blockspace. To leverage these elements, Babylon is growing three revolutionary safety sharing protocols: the Bitcoin Staking Protocol, the Bitcoin Timestamp Protocol, and the Bitcoin Information Availability Protocol. By means of these pioneering protocols, Babylon envisions a safer, decentralized future.
Media Contact:
For DG Labs Ltd. (DeFi.Gold):
E-mail: [email protected]
Web site: www.defi.gold
: https://x.com/TeamDefiGold Translation:
Babylon Chains:
E-mail: [email protected]
Web site: www.babylonchain.io
Babylon Chain
This press launch comprises forward-looking statements which can be based mostly on administration's present expectations. These statements will not be ensures of future efficiency and contain dangers and uncertainties. DeFi.Gold assumes no obligation to replace these statements.
contactCEOMona Coyleelectronic mail tackle
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