DeFi.Gold and Babylonchain Form Strategic Alliance to Enable Bitcoin Staking and Performance on Other Blockchains

(PRESS RELEASE – Georgetown, Cayman Islands, June 7, 2024)

DeFi.Gold, a leading decentralized exchange (DEX) and nft marketplace on the bitcoin blockchain, announces a strategic partnership with Babylonchain. This integration, available in Q4 2024, will allow DeFi.Gold users to stake bitcoin (btc) and earn native returns on other Babylon-backed blockchains, directly on the DeFi.Gold DEX.

Promote decentralized finance

DeFi.Gold is at the forefront of innovation and develops one of the first DEX for bitcoin assets following the Ordinals, Runes, Taproot Assets and RGB protocols, with a launch planned for the end of June 2024.

This integration allows users to benefit from the scalability and efficiency of DeFi.Gold while earning returns from altcoins, opening new avenues to produce returns and improve the security of the ecosystem.

“We are delighted to join forces with Babylon. “This integration enhances the capabilities of our platform, offering our users new opportunities to engage in performance staking across many networks with btc while also contributing to the security of their network.” – Mona Coyle, CEO of DG Labs Ltd.

About DeFi.Gold

DeFi.Gold is revolutionizing the bitcoin blockchain with its non-custodial decentralized exchange (DEX) and nft marketplace. Built on bitcoin's L1 and Lightning Network, it offers improved scalability, efficiency, and advanced features. By supporting Taproot, RGB, and Rune-based tokens for its exchange, it enables trading of various assets including memecoins, utility tokens, DAO tokens, and stablecoins. Its nft marketplace improves liquidity for creators and collectors.

The platform integrates with major bitcoin web wallets and supports Lightning Network transactions for fast, low-cost transactions. DGOLD, the governance token, powers community-led decisions, driving innovation in decentralized finance on the bitcoin blockchain.

About Babylon

Babylon is a blockchain project that designs security exchange protocols for the decentralized world, founded in 2022 by Stanford professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the American Academy of Engineering. He is recognized as the inventor of the legendary proportional fair scheduling algorithm for wireless communications and has received prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. The project is led by a team of consensus protocol researchers and experienced Layer 1 engineers from around the world.

Babylon's mission is to scale bitcoin to secure the decentralized world. To achieve this, Babylon uses the three main facets of bitcoin: its asset, its trusted timestamping service, and its most censorship-resistant blockspace in the world. To take advantage of these facets, Babylon is developing three innovative shared security protocols: the bitcoin Staking Protocol, the bitcoin Timestamp Protocol, and the bitcoin Data Availability Protocol. Through these pioneering protocols, Babylon envisions a more secure and decentralized future.

Media Contact:

For DG Labs Ltd. (DeFi.Gold):

Email: [email protected]

Website: www.defi.oro

x: https://x.com/TeamDefiGold

For the Babylon chain:

Email: [email protected]

Website: www.babylonchain.io

x: https://x.com/babylon_chain

This press release contains forward-looking statements based on management's current expectations. These statements are not guarantees of future performance and involve risks and uncertainties. DeFi.Gold undertakes no obligation to update these statements.

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