Following the immense success of Babylon Staking Mainnet Phase-1, where the 1,000 BTC staking cap was reached within just 3 hours, Cap-2 is now here, bringing more opportunities for BTC holders.
As we dive into this next phase, here’s a complete overview of what's new, how to participate, and the enhanced rewards available for stakers.
Phase-1 Recap: A Historic Milestone
Babylon Staking integrates Bitcoin into Proof-of-Stake (PoS) systems, making it the third native use case for Bitcoin. By enabling BTC staking, Babylon enhances the security and efficiency of various blockchain networks.
In Phase-1, the demand was so high that the 1,000 BTC staking cap was reached within just 3 hours.Major Liquid Staking Derivative (LSD) protocols like Bedrock, Solv Protocol, Lorenzo Protocol, pumpBTC, pStake, and Chakra played a crucial role in providing accessible BTC staking options for participants, offering various rewards.
Cap-1 vs Cap-2: What’s New
Cap-2 introduces several updates and changes compared to Cap-1:
When Does Cap-2 Start
Cap-2 will officially begin on October 9, 2024, at 11 AM UTC. This phase will last for 10 BTC blocks, giving users around 90 minutes to stake their BTC.
- Set Up Your Binance Web3 Wallet
- Withdraw BTC from Binance to Web3 Wallet on BSC
- Navigate to Babylon Staking portal on Binance Web3
- Choose a Project to Stake On
- Input BTC Amount
- Receive BTC LST
- Complete the Staking
Babylon Staking via Biancne Web3 Wallet
Overview of Cap-2 Projects
Several LSD protocols are participating in Cap-2, offering unique rewards and staking opportunities
Conclusion: Don’t Miss Out on Cap-2!
Babylon Staking Phase1 Cap-2 presents a great opportunity for BTC holders to contribute to the security of PoS systems while earning significant rewards.
With the introduction of larger staking limits, reduced fees, and increased point rewards, this phase promises to offer even greater incentives.
Make sure to join the event using your Binance Web3 Wallet to stake BTC across various BTC Staking protocols and maximize your earnings during Babylon staking Cap2.
About Satoshi Protocol
Satoshi Protocol is the first universal stablecoin protocol backed by Bitcoin. It enables users to deposit BTC, LST, ETH or USDC/USDT as collateral to mint the native stablecoin $satUSD on Bitcoin mainnet, L2s and EVM ecosystem.
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