The Union network is powering up. Union is set to become a Bitcoin Supercharged Network (BSN), with 25 million BABY to fuel the next wave of BTCfi. 🧵
1/ Since Babylon Genesis' launch, Union has played a vital role in the BTCfi ecosystem, routing 98% of BTC LST volume into Babylon to date. From facilitating the BABY drop to ongoing bridge operations, Union has been quietly knitting the BTCfi stack together.
2/ Now, Union is becoming a Bitcoin Supercharged Network. That means Union will integrate the Babylon Bitcoin staking protocol, and Union's blockchain will be secured in part by crypto’s most decentralized and time-tested asset, Bitcoin.
3/ As part of this agreement, Union will receive 25M BABY tokens to support its BTCfi Points Program and other incentive programs. Babylon Genesis stakers (BTC and BABY) will earn 4% of Union's yearly inflation as long as Union remains a BSN.
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