Recently, the market has been outraged by Babylon's airdrop plan, which is actually understandable. After all, at the beginning, everyone had high expectations for the existence of Eigen, but now the market liquidity is worrying, and in the context of Trump's tariffs, it is getting worse and worse. It is reasonable to shrink the front line, compress the selling pressure, and think long-term for the long-term healthy development of the project. We have also pledged a lot, and the airdrop quantity and pre market price are indeed unpleasant, but as rational investors, we may have more confidence in Babylon's long-term development strategy. We know that BTC, as a reserve asset, has been unable to release its potential trillion dollar liquidity, which is a desecration of the cryptocurrency market. Babylon Genesis is the underlying infrastructure built around this pain point, utilizing Bitcoin staking and liquidity construction to achieve the grand blueprint of BTCFI. The goal is to make Bitcoin not just a "hoarding asset", but an asset class that can actively participate in the DeFi ecosystem. The three stages of its development path are worth exploring in depth and can provide us with a longer-term perspective on its value. Phase 1: Core layer of Bitcoin staking The core function of Babylon Genesis is to allow Bitcoin holders to participate in staking and provide security for other blockchains. Through Bitcoin timestamps, Genesis provides reliable time information for different blockchains, ensuring the security of transactions and states. Bitcoin holders can earn profits by staking BTC without transferring their coins to other chains, reducing security risks. The first stage has actually been basically completed, which is also a very important step. Currently, Babylon's TVL is as high as $4.3 billion, ranking 10th among all PoS chains in terms of staking market value, but only accounting for 0.27% of Bitcoin market value (with even greater potential in the future). BTC used to be primarily an asset that stored value, but Babylon made BTC "usable" and able to generate returns, making it very attractive to long-term investors. Phase 2: The Liquidity Center of Bitcoin At this stage, Genesis is not only a security layer, but also a liquidity hub for Bitcoin DeFi (BTCFi). The main functions include: DEX (Decentralized Exchange): Provides a trading market specifically designed for BTC. LST (Liquidity Stake Token) Casting: Users can stake BTC and obtain tradable LST (similar to stETH to ETH). BTC collateralized lending: Users holding BTC can collateralize loans to improve fund utilization. Re staking: Users can use the staked BTC to participate in more DeFi protocols and earn additional profits. DeFi Vault: Helps users automatically manage funds and increase returns. Reward Center: Distribute the profits from BSN (Bitcoin Secure Network) to BTC stakers. The second stage is currently being actively and vigorously developed by Babylon, which will enable BTC to no longer just lie coldly in the wallet, but can become the core asset of the entire DeFi ecosystem, bringing new investment opportunities, especially stimulating trillions of dormant assets and bringing at least billions of incremental funds. This undoubtedly injects new sources into the current market, which is only a drop in the bucket. Phase 3: Expand to a larger blockchain ecosystem At this stage, Genesis will become an important component of the entire Bitcoin ecosystem and expand to EVM compatibility, supporting more DeFi protocols. • Main highlights: More DeFi applications for BTC staking have emerged, such as more DEX, lending, liquidity pools, etc. Further optimization of BTC staking income provides Bitcoin holders with more ways to make money. Upgrading the cross chain bridge enables BTC to circulate more securely between different blockchains such as Cosmos and Ethereum. As the ultimate form and appearance of future development, the BTCFI ecosystem is still in its early stages, and Babylon Genesis is expected to become the "heart" of this market, leading BTC staking and liquidity management. Its potential is self-evident, as the larger the market, the larger the scale, and the more opportunities there are. Summary: Babylon's development path indicates that it is not just a simple Bitcoin staking platform, but a complete BTCFI ecosystem. For ordinary investors, Babylon provides an opportunity to hold BTC and earn profits while reducing the security risks of cross chain DeFi. But as the liquidity demand for Bitcoin continues to grow, Babylon is expected to become the core infrastructure of BTCFI, with good investment potential and worth long-term attention 🧐。