Dec 08, 2024
How to Stake Bitcoin with Babylon: A step by step guide to stake BTC
Guides · 8 Minute Read · Written by Kamil Zawieja
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.