SatLayer Launches Phase I of Its Mainnet, Bringing Bitcoin-Backed Liquidity to the Blockchain Community

In a groundbreaking development for the blockchain community, SatLayer has announced the launch of Phase I of its Mainnet on Babylon Genesis, the world's first Layer 1 (L1)

SatLayer, a leading contributor to the blockchain ecosystem, has announced the launch of Phase I of its Mainnet on Babylon Genesis, the world’s first Layer 1 (L1) secured by Bitcoin. This integration marks a groundbreaking development, forging new avenues for decentralized applications and infrastructure to be powered by the unmatched security of Bitcoin and significantly boosts Bitcoin rewards through a pioneering liquid staking solution.

As one of the first restaking decentralized applications (dApps) on Babylon Genesis following the recent launch of the platform and its native token, BABY, SatLayer is uniquely positioned to amplify the benefits of Bitcoin’s liquidity and economic fortitude.

While traditional L1/L2 chains are also being targeted for future expansion, the initial focus is on Babylon Genesis, with integration with leading L1 and L2 ecosystems planned in the coming months.

The innovative protocol from SatLayer unlocks exciting use cases such as under-collateralized loans, slashing insurance, and on-chain prime brokerage, all powered by the strength of Bitcoin.

“We’re excited about SatLayer’s launch on Babylon and what this means for BTC-powered applications and infrastructure. SatLayer will help expand the Babylon Genesis ecosystem, and we’re looking forward to seeing what SatLayer and their other integrators will build on Babylon Genesis,” said Fisher Yu, co-founder of the Babylon Bitcoin staking protocol.

To further bolster the Babylon Genesis ecosystem, SatLayer has introduced Cube, a Babylon-native liquid staking solution designed specifically for the BABY token.

With Cube, users can easily stake their BABY tokens and receive cBABY, a liquid staking token that unlocks additional rewards and can be used in SatLayer or integrated with downstream decentralized finance (DeFi) protocols such as Tower, Babylon Genesis’ decentralized exchange (DEX), and various lending platforms.

The advantage of Cube lies in its native integration with Babylon Genesis, ensuring a seamless staking experience for users without requiring the hassle of bridging across different networks. This native approach optimizes user experience, enrolls greater levels of security for Babylon Genesis, and propels the growth of its ecosystem.

“Beyond native $BABY staking, the introduction of $cBABY with the launch of Cube creates a multiplier effect on $BABY’s efficiency and yield generation. Our goal is to connect the broader ecosystem in a way that scales security alongside adoption, without requiring a proportional increase in locked capital,” said Luke Xie, co-founder of SatLayer.

At launch, SatLayer has over $250 million in Bitcoin deposited, setting a strong foundation for Bitcoin DeFi and accelerating the transformation of Bitcoin into a fully programmable asset. This initiative is expected to unlock trillions of dollars worth of idle Bitcoin and create new opportunities for nation-states, institutions, and individual users to earn multiple streams of yield on their BTC.

Deploying a suite of smart contracts on Babylon Genesis, SatLayer ensures full programmability of slashing conditions—ranging from node liveness to challenge proofs—to create a framework where applications such as bridges, DEXs, launchpads, and oracles can be secured by restaked Bitcoin. This leverages Bitcoin’s reputation as a pristine asset and reliable collateral to forge an umbrella of security over diverse use cases.

These groundbreaking developments are brought to the forefront by Babylon Labs, a company pushing the boundaries of financial technology with its vision of a decentralized world secured by Bitcoin.

Launching trustless and self-custodial protocols for Bitcoin to be used as the primary layer of security for other decentralized systems—including PoS chains, L2s, and Data Availability (DA) layers—is a core focus for the company. This eliminates the need for third-party custody, bridges, or wrapping services, combining the strength and wide adoption of Bitcoin with the efficiency and scalability of PoS systems.