Babylon Genesis has been launched, and this article written last year almost covers most of the underlying logic of @ babylonlabs_io. Based on the latest official information, make an update 🧵 The roles in the Babylon ecosystem have been defined more clearly: 1. Bitcoin Stakers 2. Bitcoin Secured Networks (BSN) 3. Finality Providers All chains entering the Babylon ecosystem are BSN networks, with the final provider playing the role of a verifier, ensuring network security through "final rounds" voting. The stakers of Bitcoin provide a secure underlying asset for the entire ecosystem. At present, the official has launched the first BSN network, Babylon Genesis, which serves as a coordination and control platform for subsequent BSNs, managing the security and liquidity configuration of the entire ecosystem in a unified manner. At present, Babylon has absorbed over 55000 BTC, which is basically the highest expected BTCFi on the market. The Cosmos ecosystem, which is closely related to Babylon, is also in a state of being eagerly nurtured. We look forward to Babylon bringing some changes.