Participate in Babylon Phase 1 - Cap 2

Background on Babylon Bitcoin Staking – Phase 1, Cap-2

Babylon Staking allows Bitcoin holders to lock up their BTC in exchange for rewards, incentivizing long-term holding and providing access to various network features. The program is rolled out in phases with defined "caps" to gradually onboard participants and manage the flow of staking transactions.

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Phase-1 Overview

Phase-1 serves as the first live mainnet launch of Babylon’s Bitcoin staking initiative. It introduces capped staking windows to test the system under real-world conditions and offers participants an opportunity to earn points, which may unlock future rewards or benefits on the platform (subject to jurisdiction). Each cap introduces slightly different rules to encourage flexibility and participation.

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What is Cap-2?

Cap-2 is part of Phase-1 and introduces new parameters following Cap-1's successful conclusion. This round aims to scale up participation by allowing higher staking limits and reduced unbonding fees. Cap-2 will run for 10 Bitcoin blocks, and only the transactions in these blocks will qualify.

How to Participate in Babylon Bitcoin Staking – Phase 1, Cap-2

Cap-2 starts on October 8, 2024, around 8 PM UTC and will last for 10 Bitcoin blocks. Here’s a quick guide:

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Key Dates & Duration

• Starts: October 8, 2024, at 8 PM UTC

• Duration: BTC block 864790 to 864799 (10 blocks)

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How to Stake

• Minimum Stake: 0.005 BTC

• Maximum Stake: 500 BTC

• Unbonding Fee: 0.00032 BTC (50% lower than Cap-1)

Important: Transactions outside the 864790–864799 block range will not be accepted.

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Points System

• 10,000 points per block, distributed proportionally based on your stake.

• Points may unlock future benefits (check availability in your jurisdiction).

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Overflow Policy

• Transactions in blocks after 864799 will be labeled overflow and rejected.

• Overflow stakes from Cap-1 won’t carry over to Cap-2.

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Next Steps

1. Stake between blocks 864790–864799 to qualify.

2. If your stake becomes overflow, unbond and withdraw promptly.

3. For more details, visit Babylon Labs' platform.