COINOTAG news reported on September 28th that Babylon Labs has officially partnered with Pell Network. This strategic alliance involves the integration of Babylon’s Euphrates development network into Pell Network, leveraging Babylon’s decentralized infrastructure to bolster the cryptoeconomic security of Pell’s full-chain trust network. This initiative aims to unlock new capabilities for BTCFi through decentralized infrastructure and BTC Restaking. Furthermore, the collaboration will advance the development of decentralized verification services (DVS), thereby enhancing the integrity and scalability of the Bitcoin ecosystem. The partnership is anticipated to drive significant innovation and security improvements within the Bitcoin ecosystem. According to official statements, Pell Network is planning a testnet interactive airdrop event set for October.
Source: https://en.coinotag.com/breakingnews/babylon-and-pell-network-collaborate-to-enhance-bitcoin-ecosystem-with-decentralized-infrastructure-and-btcfi/