Interchain Labs Launches IBC Eureka for Transfers Faster than Ethereum, Connecting 70+ Chains and Introducing Babylon Genesis

Interchain Labs has launched IBC Eureka, a new platform designed to connect Ethereum with the Cosmos ecosystem. This service promises transfers that are faster than Ethereum’s finality and allows users to send funds from Ethereum for as low as $1, supporting various wallets. Additionally, Babylon Genesis, the first-ever Bitcoin Secured Network (BSN) developed by Babylon Labs, has officially launched, enabling users to stake Bitcoin using the BABY token. This initiative aims to enhance Bitcoin DeFi capabilities and is accessible through the IBC Eureka platform. With this launch, Babylon Genesis connects Bitcoin staking to over 70 chains globally, expanding the reach and functionality of decentralized finance within the cryptocurrency landscape. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant