Babylon Bitcoin Staking Phase-1, Cap-2 is approaching!

The Babylon protocol is opening up for another round of Bitcoin staking today at around 5:30 pm UTC!

In this article we’ll show you how to stake your BTC with us using the StakingRewards interface (Alternatively you can use the Babylon Staking Dashboard here: https://btcstaking.babylonlabs.io – in case you do not have an OKX wallet)

Let’s go. 👇

For those who missed out on the first round, this is your chance to get your BTC staked in advance of rewards going live.

Babylon is currently set to provide economic security to ~15 Cosmos networks including:

✅ Cosmos Hub

✅ Akash

✅ Osmosis

✅ Injective

And more!

— WEN? —

TODAY!

Block: 864790 –> 864800

Date: Tuesday, October 8th

Estimated Time: ~5:30 pm UTC

Duration: 10 BTC blocks (~100 minutes)

 

— Step 1: Staking Interface —

Go to:

https://www.stakingrewards.com/stake-app?input=bitcoin&type=babylon-staking&provider=cryptocrew-validators

This will take you straight to the staking page with our Finality Provider pre-selected. It should look like this:

 

You can also see a countdown timer there as well for a more precise start time.

If you do not have an OKX wallet, you can alternatively stake via https://btcstaking.babylonlabs.io

 

— Step 2: Connect Wallet —

Click on “Connect Wallet”.

In addition to ensuring you have some liquid $BTC in your wallet, please note:

1. Hardware wallets are not directly supported
2. Do not use a wallet that holds Inscriptions
3. Use either Native Segwit or Taproot address format in your wallet

 

— Step 3: BTC Amount —

Only transactions between

Minimum stake = 0.005 $BTC and
Maximum stake = 500 BTC

Will be accepted. Successful stakers will accrue Babylon points, more details in this tweet: https://x.com/babylonlabs_io/status/1841272161945649419

 

— Step 4: Transaction Fee —

The window for staking will only be open for 10 BTC blocks (about ~100 minutes), so you may want to boost your transaction fee beyond its default.

This will increase the chance of your staking transaction being included within the allotted time.

Use this tracker to help you determine a reasonable fee: https://dune.com/data_always/bitcoin-fee-tracker

 

— Step 5: Complete —

Click “Stake” and sign the transaction with your wallet.

Note: If your transaction does not get processed within the open window it will be in the “overflow” status – it will not be accepted, and you will need to unbond and withdraw your BTC.

 

— Don’t have an OKX wallet? —

If you don’t have an OKX wallet, other wallets are supported at the Babylon Staking dashboard https://btcstaking.babylonlabs.io

The above mentioned steps still stay relevant, but you’ll need to select CryptoCrew from the list of finality providers if you want to stake with us!

---

Disclaimer: This article is for experienced users of blockchain technology and was written for educational purposes only! It should not be considered as advice to trade or purchase cryptocurrency or any other kind of financial advice. Platforms and tools mentioned in this article are dedicated to users with advanced knowledge regarding blockchain technology and cryptocurrencies! The responsibility to securely store your keys, protect your crypto wallet and be safe lies solely with yourself / the user. CryptoCrew Validators and its partners will NEVER reach out and ask for your private keys – please be very careful and educate yourself in regards of your financial safety! Please store your keys safe and don‘t fall for scammers!