Acorn Network, incubated by amber.ac accelerator, kicks off the first phase of Cap 2 pre-staking activity for Babylon mainnet

Odaily News Acorn Network, a Bitcoin cross-chain liquidity protocol, announced the launch of the first phase of the Cap 2 pre-staking activity for the Babylon mainnet. In addition to the Babylon rewards, Acorn Network has also launched a points system, which rewards users with an additional 3 times points during the event. It is reported that Acorn Network is one of the first projects incubated by Amber Group's accelerator amber.ac. By introducing cross-chain native tokens aBTC and liquidity staking tokens (LST) waBTC, Bitcoin holders can easily participate in DeFi and obtain staking income while maintaining the security and liquidity of Bitcoin. Previously, in the first round of Babylon staking, Acorn Network had raised 330 BTC and successfully pledged nearly 100 BTC.