Babylon
Open up the power of the Babylon Bitcoin Staking Protocol with Everstake
Babylon
EVERSTAKE validator address
Delegating Step-By-Step
Why stake Bitcoin with Everstake?
- Everstake is a responsible validator trusted by 735K+ users across 80+ blockchain networks. Created by engineers for the entire community in 2018.
- Everstake's mission is to make financial empowerment through staking accessible to everyone. With profound expertise and unwavering dedication to decentralization, we pave the way for our users to cultivate lasting economic growth and empower them to make informed staking decisions through our extensive knowledge base.
- Everstake is not only a staking provider but a trusted advisor and developer of innovative staking solutions and beyond. Our pursuit of continuous improvement and world-class practices ensures that our individual and corporate customers remain ahead of the game. We have supported the Babylon Bitcoin Staking Protocol since Day 1.
How can I stake Bitcoin with Everstake?
- Step 1. Select a wallet that offers BTC staking functionality. The BTC wallet options include: OneKey, BitGet, Unisat, Leap, Keplr, Coldlar, etc.
- Step 2. Go to the preferred BTC Staking Dashboard.
- Step 3. Connect wallets (BTC and BABY).
- Step 4. Choose Everstake as your Finality Provider on Babylon.
- Step 5. Delegate your BTC tokens. Note: When staking BTC, a small amount of BABY is required as a gas fee. Additionally, the transaction must include the binding of your BTC and BABY addresses to activate the stake, along with your signature as consent to provide slashable security.
- Step 6. Get rewards.
Where can I stake Bitcoin with Everstake?
- Everstake Bitcoin Staking Dashboard
- Babylon Bitcoin Staking Dashboard
- Babylon Bitcoin Staking: All-in-One Guide
For the complete list of wallets available, check the Babylon Labs documentation.
Learn more about the Babylon Bitcoin Staking Protocol with Everstake
Staking Details
- Epoch duration: ~1 hour.
- First reward info: Newly delegated Bitcoins are eligible to earn rewards starting from the end of the next epoch.
- Reward frequency: Per epoch.
- Minimum amount to stake: 0.005 BTC.
- Everstake fee: 3%.
- Unbonding period: 1008 Bitcoin blocks (~ one week).
Blockchain Overview
Babylon is a decentralized protocol allowing Bitcoin holders to stake their BTC directly, without intermediaries or wrapped tokens. This means users can earn rewards while still maintaining full control over their Bitcoin. Babylon makes it possible for Bitcoin to help secure Proof-of-Stake (PoS) blockchains by locking BTC in special transactions on the Bitcoin network.
When users stake BTC through Babylon, their coins are locked but never leave their wallets, ensuring self-custody. These locked coins are then used to support other blockchains, known as Bitcoin Supercharged Networks. Babylon uses advanced cryptography and smart scripting to ensure the process is secure and transparent.
Staked BTC helps these networks reach consensus, and in return, stakers earn BABY token rewards. Users delegate their staked BTC to finality providers such as Everstake, who participate in the consensus process.
Babylon turns Bitcoin into an active, yield-generating asset—without sacrificing security or control.
Interested in staking more than $500K of BTC?
Everstake is happy to discuss our special staking conditions and services for institutions and large investors.
Please contact Everstake's Head of Sales, Alina Tielnova, at [email protected] or book a slot for any additional details.
faq
Is Babylon launched on Mainnet?
+Yes, the Babylon Bitcoin Staking Protocol was already launched on Mainnet on August 22, 2024.
You can easily join the Bitcoin staking through the Everstake Bitcoin Staking Dashboard.
What is the Bitcoin Pioneer Pass NFT?
+The Bitcoin Pioneer Pass digital collectible is a commemorative NFT for participating in Babylon Chain’s first trustless Bitcoin staking protocol testnet.
What is the staking dashboard URL?
+The Everstake team has developed the Babylon Bitcoin Staking Dashboard, a user-friendly BTC staking interface.
What are the Babylon Explorers?
+Monitor your Bitcoin staking activity with the following Babylon explorers:
Will my bitcoins be bridged to other blockchains?
+No, Babylon enables bitcoin holders to stake their bitcoins directly on the chain without the need for bridging to other blockchains, all while ensuring the blockchain’s security with comprehensive slashable security guarantees.
Do I have to run a validator by myself as a Bitcoin staker?
+With the Bitcoin staking protocol, you don't have to run a validator as a staker. Like many other PoS systems, you can delegate voting power to a trustworthy validator. Remember, however, that validators typically charge a commission on your staking rewards. Moreover, your stake will be slashed if the delegated validator behaves maliciously or dishonestly. Opting to run your validator eliminates the need for trust and commission, granting you complete control over your stake and rewards, yet it requires capital investment into infrastructure and its maintenance.
Is there slashing in Babylon? What will happen to my Bitcoin tokens?
+Yes, the slashing ratio is 0.1% of your stake + slashing tx fee (0.001 BTC) charged by the Bitcoin network.
What is the Babylon Ecosystem?
+The Babylon Ecosystem is diverse as it connects different ecosystems of the PoS networks. Check here to learn more about it. Note that the list isn’t exhaustive, and other projects will be added over time.
