@waytoo
💥Everything u need to know about @babylonlabs_io Mainnet Phase1
💰$96M funding
✅Binance backed
🆕First Bitcoin Staking protocol
📆Mainnet Phase1 is going live in 1day
✅U can stake your $BTC & start earning points
📝Phase1 Details
🧢Total staking cap - 1000 BTC
✅Min - 0.005 BTC
✅Max - 0.05 BTC
🪙3,125 Babylon points will be allocated per Bitcoin block
🪙For 0.05 BTC u earn 0.15 pts per block
🪙144 blocks per day so 22pts per day per 0.05 BTC
👇Steps
🔗btcstaking.babylonlabs.io
✅Once staking go live tomorrow u can stake BTC using above link
⚠️Popular Bitcoin wallets r not available so prepare with supported wallets like, Binance, OKX etc
⚠️Unstaking cooling period of 7 days
🧢First 1000 BTC cap can reach quickly, so u can also use LST platform like EtherFi on EigenLayer
✅These LST projects will stake your BTC when caps r lifted
📝List of LSTs
1️⃣app.chakrachain.io/stake?code=d72…
✅Staking live
2️⃣lombard.finance
💰$16m funding
✅Stakin…
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