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SatLayer, a Bitcoin (BTC) utility and security platform, has launched the “Phase I” of its mainnet, as well as Cube, a Babylon Genesis (BABY) liquid staking solution, according to the latest reports shared with Finbold on Friday, April 11. Launching with over $250 million in BTC deposited, SatLayer will lay a stronger foundation for Bitcoin decentralized finance (DeFi) and help transform BTC into a programmable asset with more utility in the ecosystem.  By doing so, SatLayer also unlocks trillions of dollars worth of idle Bitcoin to give nation-states, institutions, and individual traders more yield-earning opportunities. Bitcoin liquidity and security As a decentralized restaking app on Babylon, SatLayer helps bring BTC liquidity and security characteristic of Layer 1 and (L1) Layer 2 (L2) chains to decentralized applications (dApps) and infrastructure as well.  Starting with Babylon Genesis and preparing to support other leading L1/L2 ecosystems in t...

Discover how Ethereum’s shift to PoS and liquid staking protocols transform blockchain technology and address the 32 ETH staking challenge. Ethereum staking has revolutionized the way we use and interact with blockchain technology.  With its security now relying on capital rather than computing power, Ethereum’s (ETH) shift to proof-of-stake (PoS) offers numerous benefits, including a reported 99% reduction in the network’s carbon footprint. However, it still presents several drawbacks, chief among them being the 32 ETH economic requirement for participants to run a dedicated node on the network. You might also like: What is proof-of-stake (PoS)? Liquid staking protocols: what to look out for As of January, 32 ETH is about $84,724. Not many would-be validators can easily afford that amount, especially in regions with lower incomes. Additionally, staking funds become locked and lack liquidity, pushing stakers to join staking pools instead. These pools often prove mor...