The Babylon Bitcoin staking protocol aligns the incentives of bitcoin holders with the demand for network security from Proof-of-Stake (PoS) systems, such as PoS chains, L2s, Data Availability layers, oracles, and others - all without relying on intermediaries.

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As part of its roadmap, Babylon Bitcoin Staking Phase-1, Cap-3 opens on December 10th, 2024, around 11AM UTC. This introduces new limits, updated points, and longer duration. 

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What is Babylon Cap-3? 

The Babylon Bitcoin staking protocol launched with Phase-1: Bitcoin Locking, where bitcoin holders securely stake through self-custodial scripts on the Bitcoin blockchain. This phase initiated the staking process, locking bitcoins while delegating voting power to finality providers for future Proof-of-Stake (PoS) participation, without the need for trusted third parties.

Currently, Babylon participants in the staking process can accrue staking points. 

Cap-3 introduces a 1,000 BTC block duration-based cap (~1 week). During this period, all valid staking transactions are accepted without a total value locked (TVL) restriction. 

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Why Participate in Cap-3? 

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Following the success of Cap-1 and Cap-2, Cap-3 is another opportunity for institutional BTC holders to participate in staking, and secure points. Both caps to date filled up quickly, highlighting Babylon’s growing popularity within the staking industry. Institutions that join early can maximize their staking points and gain a first-mover advantage in the ecosystem.

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Step-By-Step Guide for Participation

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To get started, visit the Babylon dashboard.

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Connect your wallet of choice at the top of the page. 

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After you’ve connected, search for Blockdaemon in the search bar. Blockdaemon’s Babylon validator address can be found here. 

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From here, follow the instructions presented on-screen to continue with the staking process. Importantly, there will be a transaction fee to submit the staking transaction. 

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How to Get Started with Babylon Staking? 

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Get started with Babylon staking today by reaching out to Blockdaemon’s expert team. Explore how you can securely stake your Bitcoin while maximizing your participation in the staking system. Contact Blockdaemon today. 

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Legal Disclaimer
Blockdaemon operates as a validator for the Babylon network. Points distributed by Babylon are not available in many jurisdictions, including the United States. Point do not have monetary value, they cannot be converted, accrued, used as a basis for calculation, or redeemed for fiat currency or other items of value. Points are non-transferable and cannot be sold, traded, or transferred. Blockdaemon does not manage, issue, or guarantee the value or utility of Babylon points. Any distribution and/or use of points is subject to Babylon’s terms and conditions.

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