Babylon is the world’s first self-custodial Bitcoin staking mainnet, designed to allow Bitcoin holders to stake their assets and enhance the security of Proof-of-Stake (PoS) chains while earning rewards. Unlike traditional methods, Babylon enables trustless staking without needing to bridge Bitcoin to the PoS chain, offering full security guarantees. Its modular architecture supports rapid unbonding and integration with various PoS consensus algorithms, making it scalable and versatile.
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Steps to Buy Bitcoin on Kado
Purchasing $BTC through Kado and staking it on Babylon simplifies your entry into Bitcoin staking. Babylon’s protocol provides a secure and efficient way to stake Bitcoin, while Kado offers a quick and user-friendly process for buying it. Buy $BTC with Kado to start benefiting from Babylon’s Bitcoin staking.
How does Bitcoin staking work?
Bitcoin holders lock their BTC using a self-custodial staking script for a set period, gaining voting power in a Proof-of-Stake (PoS) system. In return, they receive PoS staking rewards. Finality providers handle the voting, and BTC holders can either create their own finality provider or delegate their voting power to a third-party. If a finality provider attempts to compromise the PoS system, the BTC used for voting can be penalized, discouraging malicious actions.
What does Babylon’s staking dashboard do?
The staking dApp serves as a portal to the Babylon Bitcoin Staking protocol. It enables BTC holders to stake their Bitcoin and choose a finality provider for delegating their voting power. Users can also check their staking history and request an early withdrawal of their stake.
