- March 2, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Babylon and Ankr Collaboration: Enhancing Security and Liquidity in PoS Chains
On March 2, Babylon, known for its protocols for Bitcoin blockchain timestamping and bitcoin staking, announced a collaboration with Ankr, a Web3 infrastructure company. The partnership aims to bring security and liquidity to proof-of-stake (PoS chains). Ankr will develop liquid staking tokens (LSTs) for the bitcoin staked via Babylon, which will then be issued on PoS chains secured by the BTC staking protocol. This process allows stakers to lock their BTC on the bitcoin blockchain while new LSTs are minted on the PoS chain they choose to provide security for. Additionally, Ankr will run validators on Babylon’s testnet and build advanced security infrastructure to support Babylon’s nodes and finality providers.
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## Ottr Joins Tools For Humanity: Enhancing User-Friendly Mobile Wallet
Ottr, a crypto wallet powered by Solana, announced on March 2 that its team is joining Tools For Humanity (TFH), a primary contributor to the Worldcoin project. This collaboration will involve leading the development of TFH’s user-friendly mobile wallet, World App, which is currently used by over 3 million people monthly. Ottr Wallet, launched 18 months ago, offers a self-custody wallet with seamless integration with U.S. bank accounts, gas-free transfers and trading, passwordless cloud backups, and a comprehensive dApp store. By leveraging Ottr’s expertise, TFH aims to provide more individuals with access to the digital economy.
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