Nomic DAO introduces stBTC, a Bitcoin Liquid Staking Token, powered by Babylon's staking protocol for dual-stake security.

Nomic DAO Foundation unveils stBTC, a Bitcoin Liquid Staking Token (LST), powered by Babylon's Bitcoin staking protocol. This integration aims to provide dual-stake security for Nomic using both staked BTC and NOM, its native token. LSTs have gained significant traction in the crypto industry, with liquid staking ranking as the top decentralized finance category, holding over $50bn in total value locked.