Babylon Bitcoin Staking Guide

Introduction to Babylon Bitcoin Staking

Babylon is a suite of Bitcoin security-sharing protocols that enables Bitcoin holders to stake their BTC directly on the Bitcoin blockchain, without requiring smart contracts or cross-chain bridges. Built using the Cosmos SDK, Babylon uses Bitcoin’s security to enhance Proof-of-Stake (PoS) chains by leveraging its robust blockchain for trust and timestamping. Developed by a team of Stanford researchers and Layer 1 developers, Babylon aims to improve blockchain security without compromising autonomy.

With Babylon’s staking protocol, BTC holders can contribute to network security while earning potential rewards. Staking through Babylon provides an innovative way for institutional and individual BTC holders to enhance the security of the network and its associated consumer chains, all while potentially earning rewards.

Why Stake Bitcoin with Luganodes via Babylon?

Luganodes serves as a leading institutional-grade validator and finality provider for Babylon, offering seamless and secure BTC staking services. Here’s why you should consider staking Bitcoin with Luganodes:

• Direct Bitcoin Staking: No need for bridges or smart contracts. Stake directly on the Bitcoin blockchain, preserving the security and integrity of your assets.
• Enterprise-Grade Performance: Luganodes provides reliable, enterprise-grade infrastructure, ensuring optimal performance for institutional and retail clients alike.
• Potential for Future Rewards: Currently, BTC stakers earn points, with the possibility of token rewards in the future.
• Enhanced Security: By staking your Bitcoin, you’re contributing to the security of Babylon’s network and its associated chains, leveraging Bitcoin's unmatched trust.

Babylon Bitcoin Staking Statistics from Phase-1 Cap-1 & Cap-2

• Confirmed Total Value Locked (TVL): 23,889.11630726 BTC
• Pending Stake: 0 BTC
• Delegations: 33.51K
• Total Stakers: 25.31K

How to Stake Bitcoin via Luganodes on Babylon

1. Set Up Your Wallet:
   • Ensure you have a supported wallet like the OKX Chrome plugin Wallet.
   • Make sure to choose either Native Segwit or Taproot address format.
   • Deposit BTC to your wallet to prepare for staking.
2. Navigate to the Staking Rewards Interface:

• Visit Staking Rewards.
• Connect your Bitcoin wallet by following the on-screen instructions.
• Sign the signature request to authorize your wallet and acknowledge the staking restrictions.

3. Input the Amount to Stake:
   • Enter the desired amount of BTC to stake. You can stake up to 500 BTC per transaction.
   • Adjust the transaction fee if needed. Higher fees increase the likelihood of getting your stake processed quickly.
4. Submit the Staking Transaction:
   • Review your staking details, confirm, and complete the transaction. Congratulations, your BTC is now staked with Luganodes via Babylon!
   • Track your staked position through the Staking Terminal.
5. Unstaking and Withdrawal:
   • To unstake your BTC, submit an unbonding transaction through the Staking Terminal. The unbonding period lasts approximately 7 days (1008 Bitcoin blocks). Once the unbonding period is complete, you can withdraw your BTC.

1. Access Babylon’s Dashboard:

   • Head over to Babylon’s native staking dashboard: https://btcstaking.babylonlabs.io.
   • Connect your wallet using the button on the top right corner.

2. Select Luganodes as the Finality Provider:

   • Once connected, scroll down to find “Luganodes” on the list of finality providers.
   • Click on Luganodes to proceed with the staking setup.

3. Proceed with Staking:

   • Follow the on-screen instructions to input your staking amount (minimum 0.005 BTC, maximum 500 BTC per transaction).
   • Ensure the transaction fee is set appropriately. Higher fees can prioritize your transaction, especially during high activity periods.

4. Confirm Your Transaction:

   • Complete the transaction, and your BTC will be staked through Babylon with Luganodes as your trusted finality provider.
   • You can view your staking details and monitor your rewards accumulation through the Staking Terminal.

Important Notes and Disclaimers

• Eligibility: Staking is restricted for residents of certain jurisdictions, including the United States, Canada, Australia, and Mainland China, as well as sanctioned countries as per international regulations.
• Fees: A transaction fee applies when you stake or unstake BTC.
• Unbonding Period: Unstaking requires a 7-day unbonding period, equivalent to 1008 Bitcoin blocks.
• Staking Duration: Staked BTC will automatically unbond after 65 weeks.

Babylon’s Bitcoin staking protocol, powered by Luganodes, provides a unique opportunity for Bitcoin holders to enhance network security while putting their BTC to work. Whether you are an institution looking to leverage idle assets or a crypto enthusiast exploring new opportunities, Luganodes offers a secure and efficient way to stake BTC directly on the Bitcoin blockchain.

By choosing Luganodes as your finality provider, you gain access to enterprise-grade services, future-proof infrastructure, and peace of mind. Ready to stake? Visit the Staking Rewards Interface or Babylon’s Native Dashboard to get started today!

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.