Babylon will launch the second phase on April 10, which will release the L1 blockchain Babylon Genesis

PANews reported on April 9 that the Bitcoin staking protocol Babylon issued an announcement stating that the Babylon Genesis chain is scheduled to be publicly released at 18:00 Beijing time on April 10, 2025, and will undergo a short set-up period (used to activate key components such as validator nodes, final providers, supervisors, bridges, etc.). This arrangement is the second phase of Babylon's launch of the Bitcoin staking protocol. At the start of the second phase, eligible airdrop recipients will receive BABY tokens in their registered BABY wallet without receiving them, and BABY token transfers and stakings will be enabled on the first day.

It is reported that Babylon Bitcoin staking is launched in three stages. The first stage is to lock Bitcoin staking to expand supply. The second stage is to launch Babylon Genesis, a Layer1 blockchain based on Cosmos-SDK, and the third stage is to launch other BSNs (this will allow other networks to access Bitcoin staking security and liquidity through Babylon Genesis).