SINGAPORE, Aug. 19, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for August 19, 2024.
OKX Wallet Launches 'Babylon Playhub': a New Gateway for Exploring Babylon BTC Staking and Restaking Protocols
OKX Wallet is thrilled to announce the launch of ‘Babylon Playhub,’ designed to provide users with a gateway to explore the Babylon BTC staking protocol and its ecosystem projects.
The newly launched 'Babylon Playhub' offers users a range of opportunities to engage in staking and restaking activities within the Babylon ecosystem. This includes exclusive opportunities to earn additional rewards, such as doubling the number of loyalty associated with a protocol (i.e. 'Bedrock Diamonds') and gaining the opportunity to earn Optimism tokens - in addition to any base APY - when staking uniBTC on Bedrock through the Optimism chain via OKX Wallet.
In addition to Bedrock, several other protocols are participating in the Babylon Playhub, including B^2 Network, Chakra, PumpBTC and Solv protocol. Each of these protocols brings unique opportunities and benefits, enhancing the overall user experience.
To mark the launch of 'Babylon Playhub,' OKX Wallet also rolled out its latest Babylon-themed Cryptopedia campaign. This campaign aims to educate users about the Babylon ecosystem while offering those who complete Babylon-related "quests" the opportunity to claim a share of 150,000 USDT worth of rewards. Further details on the campaign can be found here.
Babylon is a project that designs Bitcoin security sharing protocols with a vision of building a Bitcoin-secured decentralized world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc., enabling them to earn yield without the need for third-party custody, bridge solutions or wrapping services. Babylon's approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
OKX Wallet's Cryptopedia is a learn-to-earn platform that allows users to interact with decentralized applications (dApps), discover promising projects and earn rewards while learning about the blockchain ecosystem.
To learn more, visit OKX's Support Center.
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX offers a secure and trustworthy platform that provides responsible crypto traders with innovative tools to access the world of crypto.
As a global brand and top partner of Manchester City FC and McLaren Racing, OKX uses Web3 technology to redefine how fans connect with their favorite teams. Recent examples include its Unseen City Shirts and Race Rewind digital collectible campaigns, which offer fans real-world benefits like exclusive match-day and trackside experiences. As the Presenting Partner of Tribeca Festival, OKX also empowers artists and creators through Web3.
In line with its "on-chain, any chain" philosophy, OKX contributes to the growth of the Web3 ecosystem via its secure, interoperable and self-custody enabled OKX Wallet. OKX Wallet is a user-friendly gateway to the on-chain world, connecting to over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 300,000 tokens and nearly 500 decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. It is also dedicated to expanding its educational resources through OKX Learn, making digital assets accessible and understandable for a broader audience.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.
