TL;DR:
- Phase-1 cap 3 will go live at around 11:00 UTC on 10 Dec 2024 and will be a time-duration based cap (roughly 1 week). - The max deposit limit per transaction for cap 3 will be 5000 BTC. - Staking during Phase-1 involves locking your BTC to Babylon’s self-custodial staking script. - Track your BTC staking position via the Staking Terminal - How to stake BTC in a nutshell:
– Step 1: Go to the Bitcoin Stake App and connect your wallet, supported wallets include OKX Wallet, UniSat, Leather, Phantom, Magic Eden, Fordefi & OneKey.
– Step 2: Enter the staking details, including the amount of BTC, provider, and transaction fee.
– Step 3: Finalize the staking process by clicking “Stake” and confirm the transaction in your wallet.This article will guide you through everything you need to know to native stake BTC with Babylon for Phase-1 (cap 3) of their mainnet launch.Join the Bitcoin staking revolution and earn staking rewards from your idle BTC.