On October 9, 2024, Cactus Custody enabled institutional clients to stake $100 million in Bitcoin through the Babylon project. Using the advanced Cactus Link DeFi connector, users can easily stake directly via their browser, with no development resources required.
Cactus Link, Babylon’s first institutional-grade DeFi connector, offers robust security features, including transaction pre-validation, staking address verification, multi-level approvals, hardware signature checks, Taproot whitelisting, and auditor Ukey protection. These features ensure maximum asset security, providing confidence even for first-time users.
As the first DeFi connector to support EVM and non-EVM chains, Cactus Link integrates with over 20 blockchains, including Bitcoin, Solana, and Ethereum. Users can seamlessly stake across ecosystems without needing mnemonic phrases, accessing a simple, efficient process through a browser plugin.
To learn more about Cactus Link, please visit the official product page.
Babylon Overview
The Babylon project is developing advanced security protocols to enhance Bitcoin’s functionality and secure decentralized ecosystems. By leveraging Bitcoin’s key features—its asset, PoW-secured timestamping, and censorship-resistant blockspace—Babylon introduces two leading solutions: verifiable Bitcoin timestamping for any data and Bitcoin staking, allowing Bitcoin assets to provide trustless security for decentralized systems.
For more details on the Babylon project, visit the official website.