Staking BTC at Babylon does promise profits, because of the points mechanism that you will get.
However, if you are looking for an easier flow or way to stake BTC on Babylon, you can do it via Bitrue.
The following is complete information about how to stake BTC on Babylon via Bitrue.
Key Takeaways
1. Bitrue has officially entered into a collaboration with Babylon that allows staking BTC on the Babylon network via Bitrue, and participants involved will earn points.
2. The maximum APR Bitrue offers is 2.3%, and starts at the most basic rate of 1.3%.
3. With staking through Bitrue, users can connect directly with the ever-growing Babylon ecosystem, allowing them to earn reward points that provide greater opportunities in the future.
Babylon BTC Staking Campaign in Bitrue
Bitrue has officially entered into a collaboration with Babylon that allows staking BTC on the Babylon network via Bitrue, and participants involved will earn points.
Not only that, Bitrue also offers flexible interest for each staking quota, so you will get satisfying results.
Babylon on-chain staking begins on December 10, 2024, 11:00 UTC.
Next, Bitrue will complete the on-chain unbonding operation on each requested fund on day T+1.
Read Also: How Does the Babylon Protocol Work?
During the staking period, points earned on the Babylon network will be distributed fairly and proportionally.
Don't worry, the whole process is safe, easy, comfortable, and allows you to participate and make withdrawals flexibly whenever you want.
Bitrue Offers Highest Flexible Interest
So far, only Bitrue offers the highest flexible interest rates on the market, making your staking even more profitable.
Interestingly, when you successfully invite new users, and they complete the first deposit, then your base APR of 1.3% will increase to 2.3%.
Babylon pioneered Bitcoin staking initiatives, providing a high level of decentralized security through an innovative protocol.
Visit the official Babylon website for more information about staking Bitcoin on Babylon.
How to Stake BTC on Babylon via Bitrue
Source: https://x.com/BitrueOfficial
Next, here is a complete explanation of how to stake BTC on Babylon via Bitrue.
The instructions for staking BTC on Babylon via Bitrue below simultaneously explain the applicable staking and unbonding rules.
1. Perform On-chain Staking
The first step you need to do to stake BTC in Babylon via Bitrue is to do staking first.
To do that you need to have BTC assets stored in your Bitrue account, if you don't have BTC assets in Bitrue yet, make a BTC purchase first.
After successful staking, on-chain staking will be carried out on day T+1.
2. Point Allocation and Distribution
The next flow, Babylon points will first be allocated on day T+1 and distributed on day T+2. with daily distribution thereafter.
Regarding flexible income interest, flexible interest will start to accrue starting from day T+1 and will be distributed on day T+2, with daily distribution in the following days.
3. Unbonding Application
After submitting an Unbonding request, on-chain Unbonding will be carried out on day T+1, and funds will be completely released on day T+8.
After submitting an unbonding request, points will no longer be allocated starting from day T+1, and flexible interest will also no longer increase from day T+1.
Read Also: How to Buy Bitcoin (BTC)?
4. Asset Storage
From the time of successful staking until the funds are fully released, the amount of Bitcoin staked will be entered in the menu "My Assets - Spot Assets - Frozen Assets."
5. Concerning the Babylon Point
Currently, the points you have earned have no intrinsic value.
Later, Babylon points can be converted into real prizes, such as airdrops, by the project team in the future based on your earned points balance.
It should also be noted that points are not tokens, and obviously cannot be transferred or traded.
Read Also: Babylon Towards the Future Bitcoin Staking, Unlocking $1.5 Trillion Potential
6. Point Allocation Policy
Points earned through on-chain Bitcoin staking are distributed proportionally based on the valid amount staked by each user compared to the total staked by all participants.
Considering that the on-chain staking process is subject to failure, excess returns, as well as commission payments to finality providers, and with the dynamic nature of on-chain staking and unbonding, point distribution is carried out on a daily basis.
The scheme is based on the actual final allocation of on-chain staking activity.
Users can then check their daily points distribution in "My Holdings - Babylon Points - Points earned yesterday."
7. More Flexible Income
The maximum APR Bitrue offers is 2.3%, and starts at the most basic rate of 1.3%.
The base rate can be increased through additional earnings, provided that each invitee who successfully completes a deposit will increase the base APR by 1.12x:
- Inviting 1 friend to sign up and make their first deposit increases the APR to 1.46%.
- Inviting 2 friends increases the APR to 1.63%.
- Inviting 3 friends increases the APR to 1.83%.
- Inviting 4 friends increases the APR to 2.05%.
- With 5 or more friends, the APR reaches a maximum of 2.3%.
The invitation remains on file after a user's first staking participation.
During the campaign, Bitrue reserves the right to stop additional earnings at any time.
If this occurs, interest will still be paid based on the APR achieved before the cessation of additional income.
8. Flexible points and income termination policy
Once the event ends, neither points nor flexible earnings will no longer be counted.
Automatic Release Requests will be processed on the closing date of the event, and funds will be fully released and can be withdrawn on the 8th day thereafter (T+8).
Read Also: Can Bitcoin Give You YIELD on Babylon? A Quick Explanation
The staking campaign is designed to last for 15 months, with an end date tentatively scheduled for March 10, 2026, at 11:00 UTC.
However, the official end date remains up to the project team's decision.
Benefits of Staking Bitcoin in Babylon Via Bitrue
Source: Bitrue
Staking BTC on Babylon via Bitrue will provide benefits and advantages for you.
Here are some of the benefits and advantages you will get when staking BTC on Babylon via Bitrue:
1. Official Partnership with Babylon
As an official partner of the Babylon project team, Bitrue ensures a high level of security and reliability in the staking process.
This collaboration provides additional confidence to participants who want to maximize the benefits of the Babylon ecosystem.
2. High Flexibility
Enjoy the freedom to participate without restrictions, and you are free to join and leave the program at any time as needed.
Such flexibility allows users to remain in full control of their assets while remaining connected to profitable staking opportunities.
Read Also: Convert 1 BTC to USD
3. Additional Rewards with Flexible Interest
Take advantage of existing opportunities to earn additional income by taking advantage of flexible interest.
Through implementing this system, you can optimize staking rewards directly on one platform, making the process more efficient and centralized.
4. Easy Access to Babylon Ecosystem
With staking through Bitrue, users can connect directly with the ever-growing Babylon ecosystem, allowing them to earn reward points that provide greater opportunities in the future.
5. Simple and Transparent Process
Bitrue offers an intuitive user interface and easy-to-understand staking process, so participants of all experience levels can quickly take advantage of the benefits on offer.
Disclaimer
As a note of caution, BTC staking activities on Babylon involve certain risks, for example staking failure, returns exceeding quota, and also loss of stake.
Make sure you study and understand these risks.
Bitrue is strictly an intermediary service provider for on-chain staking purposes. The responsibility for the transaction is entirely in your hands.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.