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Techub News, Bitcoin staking protocol Babylon Labs has released the SCRIPT risk assessment framework to evaluate counterparty risk for Bitcoin collateral. The framework includes six major categories: sovereign preservation, clear rules, prohibition of rehypothecation, asset segregation, permissionlessness, and transparency. The team noted that while Bitcoin is a high-quality on-chain collateral asset, its limited on-chain programmability often leads to collateral solutions relying on off-chain systems or custodial operations, which may introduce additional risks. SCRIPT can be used to evaluate various solutions, including Babylon's own protocol.
Techub News reports that Babylon contributor @GrumpyLaurie55348 posted on GitHub stating that there is a vulnerability in Babylon's BLS vote extension processing mechanism. This vulnerability could potentially allow malicious validators to cause disruptions during the network consensus process. An attacker could intentionally omit the block hash field when sending a block, causing other validators to crash at network epoch boundaries, thereby slowing down block production. The severity of this vulnerability is rated as high, affecting versions prior to 4.2.0. Currently, there are no user reports of this vulnerability being exploited.
Techub News reports, according to Fortune, Babylon has completed a $15 million financing round, led by a16z Crypto under Andreessen Horowitz. Babylon plans to integrate its technology with the lending protocol Aave in the second quarter of 2026. The company currently does not generate revenue but hopes to achieve profitability after launching in collaboration with Aave. The team size is over 40 people.
Techub News, the Babylon community has released a proposal to "reduce inflation and introduce co-staking." The proposal includes lowering the inflation rate by approximately 30%, from 8% per year to 5.5% per year, and suggests introducing the BTC-BABY co-staking feature to encourage BTC stakers to participate in staking BABY.
Techub News, the Babylon Foundation will deposit 3 million USDT into Aave. Among them, 2 million USDT will be allocated to V3 and 1 million to V4, as a demonstration of support and confidence in Aave and DeFi. According to the official statement, any interest generated from this deposit will be returned to the Aave ecosystem through the Aave x Babylon integration incentives, allowing the same funds to support both current recovery and future adoption.
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