Ceffu Integrates with Babylon to Enhance Bitcoin Staking Access for Institutional Clients
Ceffu is excited to announce our strategic alliance with Babylon, a pioneering platform in Bitcoin staking, ahead of Babylon's Phase-1 Cap-3 mainnet launch on December 10, 2024. This strategic collaboration provides our institutional clients with seamless access to bitcoin staking opportunities, enabling them to stake their bitcoin (BTC) directly through Ceffu's Co-sign Wallet solution and connect with Babylon's innovative staking infrastructure.
Maximizing Institutional Bitcoin Yields
As institutional interest in bitcoin staking grows, Ceffu offers a comprehensive solution to transform idle digital assets into strategic yield opportunities. Through our integration with Babylon, clients can now stake their BTC holdings directly via the Co-sign Wallet, which utilizes multi-party computation (MPC) technology for enhanced security and efficiency. This integration allows clients to earn yield on their idle BTC assets while maintaining control over their digital holdings.
The upcoming Cap-3 of Babylon's bitcoin staking mainnet, set to open on December 10, 2024, will last for 1,000 BTC blocks (approximately one week), during which all valid bitcoin staking transactions will be accepted. The minimum stake per transaction remains at 0.005 BTC, while the maximum has increased to 5,000 BTC, providing greater flexibility for our clients.
Empowering BTCFi Ecosystem
In addition to providing staking access for our clients, Ceffu's collaboration with Babylon also aims to empower various BTCFi projects, including recent partners such as pumpBTC, Lombard, Lorenzo, and Solv, among others. By integrating Babylon bitcoin staking protocol into our Co-sign Wallet solution, we enable these projects to leverage our infrastructure and contribute to the growing BTCFi ecosystem. Notably, Ceffu partners have already contributed nearly 30% of the BTC staking cap in Babylon bitcoin staking protocol’s second cap, highlighting the strong demand and collaborative spirit within this space.
The points system introduced in Cap-3 will allocate 100,000 points per BTC block for the first 300 blocks, followed by 21,000 points for the remaining 700 blocks. These points will be distributed proportionally among all active stakes, incentivizing participation and engagement within the ecosystem.
“This collaboration with Babylon marks a significant step forward in our mission to provide institutional clients with secure and efficient access to Bitcoin staking. By combining our custody expertise with the innovative Babylon staking protocol, we are paving the way for a new era of BTCFi opportunities.” - Ian Loh, CEO, Ceffu
Ceffu remains dedicated to pioneering institutional digital asset solutions. Our strategic alliance with Babylon represents a significant step in delivering advanced staking capabilities that enhance value for our clients and contribute to the ongoing evolution of the BTCFi ecosystem.
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We're continuously exploring strategic partnerships to enhance our offerings. Our commitment remains unwavered: to provide unparalleled security for our clients' digital assets while enabling access to the most innovative and rewarding opportunities in the crypto ecosystem.
To learn more about how Ceffu’s custody and liquidity solutions can help drive your business forward, contact us using our institutional form.
About Babylon Protocol
Babylon is a project that focuses on 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 other decentralized systems systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. Babylon combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility. Babylon was founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications. Babylon is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.
For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, please visit:
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About Ceffu
Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu's secure gateway to the world's largest crypto exchange through MirrorX, our off-exchange settlement solution.
Media contact: pr@ceffu.com
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