Hemi Will Expand Bitcoin Utility with Babypie Collaboration
Feb 14, 2025
Babylon
Babypie
Blockchain
Partnership
TL;DR:
Hemi is working with Babypie to enable BTC staking on Babylon, allowing Bitcoin holders to mint mBTC, a 1:1 pegged ERC-20 token. This expands opportunities for staking, trading, and DeFi engagement without accruing underlying yield. More details to come.
Hemi is collaborating with Babypie, a liquid staking platform that allows BTC to be staked on Babylon and utilized across DeFi. This integration will enable Bitcoin holders to deposit their BTC on Babypie to mint mBTC, an ERC-20 token pegged to BTC on a 1:1 basis without accruing any underlying yield.
Through this collaboration, Bitcoin can function as a store of value while expanding opportunities for staking, trading, and engaging with DeFi on a global scale. Our shared goal is to enhance accessibility and utility for BTC holders within the decentralized finance ecosystem.