Bitcoin (BTC) Staking: Stake BTC on Babylon

Bitcoin staking has long been a pipe dream for many people in the crypto community, yet until recently, it remained more of a subject of light-hearted jokes and fantasies. Babylon, however, made it a reality by introducing an approach that enables one to use the security of BTC with PoS capabilities. BTC staking is no longer a dream but a reality.

Why Choose BTC Staking with Babylon?

There are several important reasons why one might choose to engage in BTC staking with Babylon.

Trusted BTC Staking Platform

Babylon integrates Bitcoin`s PoW-driven security into Proof-of-Stake. In particular, it uses a self-custodial staking model, which implies that users retain control over their assets. With overwhelming support and involvement from numerous key players in the crypto industry and technologically ensured safety, Babylon is one of the most trusted crypto platforms in existence today.

Consistent Staking Performance

Bitcoin`s security and architecture, which feature finality mechanisms, ensure consistent Bitcoin staking performance in Babylon. Together, they enhance security and massively improve the reliability and speed of transactions within the network. Bitcoin staking plays a crucial role in ensuring the stability and security of the PoS systems it supports.

User-Friendly Interface for Seamless Staking

Babylon has made it a point to make BTC staking user-friendly, intuitive, and seamless. This approach directly results in broader adoption, which enhances the system’s efficiency and resilience.

Advanced Security for Your Bitcoin

Aside from built-in technical mechanisms like slashing and liquidity support, Babylon also relies on battle-tested cryptographic techniques and decentralized architecture to protect its ecosystem from potential attacks. Self-custodial organization of the entire Bitcoin staking system adds an additional layer of safety since only the staker can control their assets in this scenario.

How to Start BTC Staking on Babylon?

To start BTC staking, you must need a supporting wallet, the list of which is available on Babylon’s official resources. The exact setup process varies between wallets, so be sure to do your own research before starting the process.

Step 1: Connect Wallet

Select one of the Babylon-supporting wallets and set it up as prompted by the on-screen instructions. In the wallet, you must deposit some BTC and connect it to the Babylon network, as suggested by the wallet’s interface. Once connected, select the finality provider you trust from the list available on the platform.

Step 2: Deposit BTC

To stake your BTC with Babylon, you must decide how much you want to stake. Initially, Babylon has a cap for the amount to be staked: you can’t stake less than 0.0005 BTC and more than 0.05 BTC, and the overall amount is capped at 1,000 BTC but will be increased in later phases. Also, make sure you have sufficient funds to cover transaction fees. When you finalize all the required details, you are ready to stake.

Step 3: Begin Staking Your Bitcoin

Once you finalize the BTC staking process by confirming the transaction, your BTC will be locked in a staking contract with the finality provider you have chosen earlier. You can then monitor the staking process and the accrued rewards through the dedicated dashboard. Note that your BTC will be staked for a fixed period, but you can unbond it earlier for a fee. If you wait for the entire period, the unbonding fee will be waived, and you will only have to pay withdrawal transaction fees.

Bitcoin Staking Calculator: Estimate Your Participation

To estimate your returns from staking BTC, you can use a Bitcoin staking calculator.

How to Use the BTC Staking Calculator

In general, a BTC staking calculator enables you to estimate the effect of your participation in BTC staking. The basic mechanic implies that you input the amount of BTC you wish to stake and the length of the staking period if you want to unbond your stake prematurely. With the annual return rate calculated automatically, you will see the exact effect of your participation once you hit the Calculate button. If the yearly rate is not available automatically, you will need to know it and input it in the dedicated field to learn the results of your participation under the conditions you specified.

Estimate Your Participation in Staking

Note that the Babylon staking is in its early stages, and currently, there is a hard cap on the overall stake. The results you see do not include potential fees or limitations associated with that cap. You can also use a maximum stake of 0.05 BTC.

BTC Staking with Everstake vs. Other Platforms

Everstake is known for its extensive experience in the staking industry and is one of the most prominent validators and infrastructure developers. Solutions developed by Everstake are provenly secure and convenient for users of over 80 blockchain networks.

Comparison of BTC Staking Features

Everstake features many opportunities to make Bitcoin staking with Babylon easier for the user, such as the BTC staking calculator and extensive knowledge base in the blog. Most importantly, Everstake has profound expertise and technological know-how to ensure the best outcomes for those who opt to stake BTC with Babylon.

Security Features for BTC Staking

Everstake takes security questions very seriously, employing enterprise-level hardware, running its nodes across multiple geographies, using diverse clients, and exposing its products to rigorous security audits by major security companies. This extensive policy is rewarded by the stellar track record and reputation of Everstake in the professional community and beyond. The company uses the same approach when it comes to Bitcoin staking.

Ease of Use for Staking BTC

Everstake always focuses on simplifying and protecting the end user. Our partnerships with the most prominent wallets and blockchains, our own SDK, and other solutions ensure that it is always easy to stake with Everstake, including Babylon’s BTC staking.