BlockBeats reported on September 28 that Babylon Labs has reached a collaboration with Pell Network. As part of this partnership, Pell Network intends to integrate Babylon’s Euphrates development network. This initiative will significantly strengthen the cryptoeconomic security of Pell’s full-chain trust network, with the aid of Babylon’s decentralized infrastructure.
The two parties will employ decentralized infrastructure and BTC Restaking to unlock the full potential of BTCFi, strengthen the cryptoeconomic security of Pell’s full-chain trust network, and advance the growth of decentralized verification services (DVS) to bolster the Bitcoin ecosystem’s completeness and scalability. This collaboration is anticipated to introduce new levels of innovation and security within the Bitcoin ecosystem.
In accordance with official disclosures, Pell Network is set to launch a testnet interactive airdrop event in October.
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