Pencil Protocol and Babylon Partner to Expand Bitcoin Staking Opportunities
CryptoNewsTerminal Staff13 Sep, 2024
Pencil Protocol and Babylon Partner to Expand Bitcoin Staking Opportunities
Pencil Protocol Partners with Bitcoin Staking Protocol Babylon Pencil Protocol, a decentralized finance (DeFi) project on the Ethereum Layer 2 network Scroll, has announced a strategic partnership with Babylon, a leading Bitcoin staking protocol. This partnership aims to enhance accessibility to Bitcoin staking and unlock new reward opportunities for users within the Babylon ecosystem. "As a leader in yield farming, we are excited to integrate with Babylon's rapidly growing network," said Pencil. "This partnership will increase the accessibility of BTCFi and unlock various reward opportunities for our expanded community." Separately, Pencil Protocol has recently launched the presale of its native utility token, DAPP, on the token issuance platform TokenSoft. The public sale of the DAPP token will be held on September 18th, providing interested investors with an opportunity to participate in the growth of the Pencil Protocol ecosystem.
