In August 2024, the launch of Babylon Protocol presented the opportunity to put Bitcoin (BTC) and get a passive income from it, while maintaining the safety standard of independent safety. Now the protocols, such as the Pell network, create another layer of liquidity, introducing bitcoin, replaying Omnichain.
Finbold also examined other methods in which investors can receive passive income with cryptography, even receiving a useful effect on the US dollar. We also reported how Cardano nationally integrates Bitcoin into his decentralized financial ecosystem (Defi), unlocking some doors for BTC.
Passive income with Bitcoin
Interestingly, Babylon is gaining popularity due to its new approach to pulling BTC using programmable features of the Bitcoins blockchain. The protocol uses temporary tags of bitcoins to block BTC blocks in a wallet for independent work under two potential triggers.
Either (1) Bitcoin unlocking in three days in case of an honest output, or (2) sending BTC to the address of burning in case of malicious behavior, following the rules of reduction, which are very common in the evidence of the mat (POS) of the blockchain.
At the same time, developers can now create a blockchain with their economic security attached to the BTC, and not recently created token. This potentially increases the safety of such networks, and also allows bitcoin holders to use remuneration from these blockchains, receiving passive income.
At the time of writing, Babylon has almost $ 6 billion in 56,720 BTC, blocked in its BTC protocol.
BTC fluid protocols and processing through the Pell Network network
At the top of this there are fluid protocols such as Lombard, Solv, PUMPBTC, Lorenzo and Bedrock. A liquid flock becomes popular among LIDO, on Ethereum (ETH), through the Steth Liquid Provaking (LSD) token.
Now this is possible for the growing ecosystem of bitcoin financials (BTCFI), when liquid glasses receive LSD, such as STBTC and LBTC. Everything that is built on the top of the Babylon recycling protocol, allowing investors to use these BTC tokens closed with liquid for further financial applications, in addition to obtaining only passive income from the basic level.
Among the possible applications is included in the Pell network, the first protocol experiencing Bitcoin with the presence in more than 18 blockchain (Omnichain). In fact, rebooting allows users to establish their LSD and is a concept, popularized by Ethereum with their own country, for the ETH liquid rate.
The Pell network allows blockchain services such as oracles, bridges and RPC nodes to use these derivatives of liquid articles to check their networks. Meanwhile, this system generates profitability and passive income for holders of bitcoins tokens in liquid through these services.
PELL PELL NETWORK on XLAUNCHPAD for rebooting bitcoins and passive income
In this context, Pell Network is ready to launch its native Pell token through public sales after a successful preliminary round of fundraising of $ 3 million. In all more than 18 supported blockchains, the team chose the Multiversx (EGLD) for the initial DEX (IDO) proposal through the XLAUNCHPAD platform.
63 million PELL in the amount of $ 0.0238 will be sold for sale, which can lead to $ 1.5 million. USA through XLAUNCHPAD. On this note, the editor of Finbold, Vinicius Barbosa, published a deep video and post, engaged in the restart of bitcoins and the launch of Pell.
Pell Network @ Xlaunchpad
BTC and EGLD ReversickingrakingrakingradadadAn @Pell_NETWORK appear in the @multiversX blockchain by launching their $ first token as ESDT through the @xlaunchpadapp financing platform.Sounds! 🔊
Here we will plunge into what the Pell network is like BTC and … Pic.twitter.com/huriommgzo
– Vini Barbosa (@vinibarbosabr) January 22, 2025
In addition to launching Pell on Multiversx, Pell will also offer the first EGLD protocol, potentially increasing its use.
Everything that is said, it is important to understand that receiving passive income when translating and reinstalling bitcoins is achieved by risks. In addition to the mechanisms of reduction, each protocol has its own set of potential vulnerabilities, which investors should know about. In addition, participation in the launch of Pell token is a speculative game, making bets in the unpredictable success of Pell Network.
Shown image from Shutterstock
