Babylon and BTC restaking protocol Chakra form strategic partnership

IconCryptoNewsTerminal Staff23 May, 2024

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Babylon and BTC restaking protocol Chakra form strategic partnership

Babylon, a Bitcoin staking protocol, has joined forces with Chakra, a ZK-based Bitcoin restaking protocol. This strategic alliance aims to revolutionize the crypto ecosystem by introducing a remote staking architecture for BTC, expanding its liquidity and reshaping the digital asset landscape. Through this partnership, Babylon and Chakra will synergize their expertise to develop cutting-edge solutions that enhance the usability and accessibility of Bitcoin. The integration of Chakra's restaking protocol into Babylon's platform will allow users to stake their BTC remotely, unlocking passive income opportunities without sacrificing custody of their assets. This collaboration marks a significant step towards enhancing the utility and adoption of Bitcoin, fostering a more vibrant and interconnected crypto ecosystem. As Babylon and Chakra continue to innovate and push the boundaries of Bitcoin technology, their partnership holds immense promise for the future of digital finance.

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