Pencils Protocol has announced a strategic partnership with Babylon, aiming to jointly promote innovation and progress in the Bitcoin staking field. Prior to Babylon's mainnet launch, Pencils had already established a close relationship with the Solv protocol, managing assets worth over $150 million in SolvBTC. This collaboration signifies that Pencils will be more deeply involved in building the Babylon ecosystem, with plans to integrate with more Babylon ecosystem projects in the future to explore and expand the potential and possibilities of Bitcoin staking. Through this partnership, both parties aim to accelerate the development of Bitcoin staking technology, bringing more secure, efficient, and flexible solutions to the cryptocurrency industry.