Babylon Labs and Fiamma, a Lightspeed Faction-backed platform focused on unlocking true-world resources on Bitcoin, are teaming as a lot as come a BTC-secured decentralized world.
Fiamma has secured a strategic funding from Babylon Labs to abet bring this imaginative and prescient to market, consistent with an announcement.
As the two platforms peer to tackle shut a Bitcoin (BTC) -secured decentralized finance ecosystem, the principle level of interest will be on bringing have faith-minimized Bitcoin bridges to builders and blockchains.
Babylon Labs and Fiamma thought to combine zero-info abilities into Bitcoin through Fiamma’s BitVM2 protocol, unlocking original likely across Bitcoin’s 21 million provide.
The collaboration comes after Fiamma launched the testnet for its Bitcoin bridge in November 2024. The platform additionally unveiled a devnet for the major zero-info verification layer for Bitcoin, utilizing BitVM2.
Meanwhile, Babylon Labs has constructed the largest Bitcoin staking protocol to this level, with over 57,000 BTC staked to this level. Based on DeFiLlama, the Babylon protocol within the meanwhile holds a total mark locked of over $6 billion.
Babylon’s non-custodial platform permits users to stake their BTC to abet steady proof-of-stake chains whereas incomes further rewards on their holdings. The integration with Fiamma’s have faith-minimized bridge will further create bigger BTC’s utility interior DeFi.
Fiamma’s expansion amid the expansion of true-world applications on Bitcoin involves strategic partnerships with Hack VC, Fortress Island Ventures-backed restaking platform Satlayer, and zero-info digital machine platform RISC Zero.
