Babylon

SINOHOPE MPC WaaS product has supported the Babylon protocol, continuously improving the utilization of BTC assets

ChainCatcher news, SINOHOPE (stock code: 1611.HK) announced that its MPC WaaS product has officially completed the integration with the Bitcoin staking protocol Babylon. SINOHOPE MPC WaaS users can seamlessly and efficiently stake BTC assets through Babylon's Bitcoin staking API interface, continuously enhancing the utilization of users' BTC assets.It is reported that Babylon has introduced the native Bitcoin staking concept for the first time, allowing users to stake Bitcoin for PoS blockchains and earn rewards. Through SINOHOPE's Babylon Staking API interface, users can easily and conveniently connect to Babylon's Bitcoin staking protocol, which will greatly facilitate Bitcoin re-staking service providers and asset management platforms. SINOHOPE MPC WaaS's API provides users with comprehensive interface support, including Babylon staking transaction construction, transaction pre-signing, and staking transaction inquiries.SINOHOPE's MPC WaaS product is a complete set of MPC digital asset custody wallet infrastructure aimed at Web3 developers, helping users build and integrate MPC wallets more securely and quickly. SINOHOPE and Babylon hope to promote the development of Bitcoin staking and re-staking through this collaboration, jointly creating a more secure and efficient Bitcoin liquidity ecosystem for users.
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