Bitcoin Cross-Chain Liquidity Protocol Acorn Network Launches Babylon Mainnet Phase 1 Cap 2 Pre-Pledge Event

On September 26th, Acorn Network, a cross-chain liquidity protocol for Bitcoin, announced the opening of the first phase of the Babylon mainnet Cap 2 pre-pledge campaign. In addition to the Babylon rewards, Acorn Network has also launched a points system that rewards users with an additional 3x points during the campaign.

Acorn Network, one of the first projects incubated by Amber Group gas pedal amber.ac, makes it easy for bitcoin holders to participate in DeFi and earn pledge proceeds while maintaining bitcoin's security and liquidity through the introduction of aBTC, a cross-chain native token, and waBTC, a liquidity pledge token (LST). Previously, in Babylon's first round of pledges, Acorn Network raised 330 BTC and successfully pledged nearly 100 BTC.