The Nomic Foundation plans to integrate Babylon's technology into its bridge.
According to DefiLlama, LSTs have gained significant traction in the industry, with liquid staking ranked as the top category at over $50 billion total value locked.
Nomic's reserve allows the exchange of BTC for nBTC token, which can be freely moved throughout any chain.
Nomic will become one of the first PoS chains to implement Babylon's solution to make Nomic dual-headed.
The impact of the two is magnified, making a more practical solution for the average person to earn.
Nomic's launch of stBTC is a major step forward for the security of Proof-of-S, as well as for the use of staked Bitcoins.
Users can experience the features in testnet before their official mainnet release.
The Nomic DAO Foundation supports the goals and objectives of the decentralized organization.
Nomic uses the Orga framework to securely and efficiently bridge your BTC to the other side of the world.
Professor David Tse is the inventor of the proportional-fair and is a member of the U.S. Academy of Engineering.
To achieve this, Babylon uses the three primary aspects of Bitcoin: its asset, its reliable timestamping service, and its most censorship-resistant blockspace in the world.
Nomic DAO Foundation is the source of that information.
The Nomic Foundation announced today that it will soon be able to be universally used.

Source prnewswire