Babylon Bitcoin Staking Testnet-4 , Cap 3 is Live! | A Simplified Stakecito Guide
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- Опубліковано 18 чер 2024
- The Babylon Bitcoin Staking Testnet-4, Cap 3 is live! which is launching today, As validators for Babylon, we want to ensure you have all the information you need to participate in this event.
What You Need to Know:
Staking Details:
- Unbond anytime with a 7-day unbonding period.
- Maximum staking period: 65 weeks.
- No slashing and no PoS staking test rewards.
- Initial staking cap: 5 signet bitcoins (min: 0.0005, max: 0.05 per transaction).
How to Get Started:
- Connect Your Wallet:
- Visit btcstaking.testnet.babylonchain.io
- Click 'Connect Wallet' and follow the prompts
Stake Your Signet Bitcoin:
- Navigate to the staking section
- Enter the amount (min: 0.0005, max: 0.05 signet BTC)
- Confirm your staking transaction
Unbond and Withdraw:
- Go to the unbonding section
- Initiate unbonding (7-day period)
- Complete withdrawal after unbonding
Other Participation Campaigns:
- Bitcoin Staking Chronicles Campaign: Join on Galxe
- Cantina Security Campaign: More details on Competitions | Cantina
Important Note:
This is not an incentivized testnet. However, Babylon has recently completed a $70M raise led by Paradigm to advance trustless Bitcoin staking. Contributing to this testnet is crucial-you never know what opportunities might arise from being an active participant!
New to the Babylon Testnet and Need Testnet Tokens?
- If you're new to the Babylon testnet and need testnet tokens:
- Copy your Babylon Testnet wallet address
- Go to the Babylon Discord server to get sBTC: / discord
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Important links:
Website:
babylonchain.io/
X:
x.com/babylon_chain
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Where can I copy wallet for staking
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