Babylon’s Cap-2 Bitcoin staking program isn’t just a new phase—it’s a strategic move that offers Bitcoin holders a new way to engage with their assets.
Traditionalists might say, “Wait, can you even stake Bitcoin?” Now, Babylon is rewriting the script with Everstake for Bitcoin holders to participate in Cap-2 staking process that brings unparalleled flexibility and potential returns.
This phase introduces enhanced transaction limits, reduced fees, and an increase in reward points, crafting tailored opportunities for both institutional players and retail investors
Let’s dive into what makes this new phase a standout opportunity for both seasoned and new crypto enthusiasts.
Cap-2 Staking: More BTC, Bigger Opportunities
With the introduction of higher transaction limits, participants in Cap-2 staking can now stake up to 500 BTC per transaction—a substantial upgrade from the previous 0.05 BTC cap. Whether you’re a whale or a crypto minnow, there’s room for everyone in this expanded phase. With a minimum of 0.005 BTC, even small players can join the action without feeling left out.
Key Details
- Cap-2 Duration: Covers 10 BTC blocks, from block height 864,790 to 864,799.
- Transaction Range: Stake from as little as 0.005 BTC to a substantial 500 BTC per transaction.
It’s like expanding the stage from a local theater to a grand arena—there’s space for all levels of performers.
Why does it matter? More significant transaction limits open doors for institutional investors, high-net-worth individuals, and larger stakeholders. Meanwhile, smaller investors are not sidelined to create a balanced ecosystem where everyone gets a chance to shine.
The Overflow Stakes: What You Need to Know About Cap-2 Staking
As Cap-2 staking progresses, a limit exists on the number of transactions that can be processed. Any new transactions after block 864,800 will be flagged as ‘overflow’—they will not be accepted or earn points. Stakeholders are encouraged to complete their transactions promptly to secure their participation in Cap-2 staking.
Lower Fees, Higher Rewards—The Cap-2 Advantage
Every satoshi counts in the cryptoverse. With Babylon’s 50% reduction in unbonding fees for Cap-2 staking, the financial burden of withdrawing your stake is reduced. Unbonding fees are now 0.00032 BTC. This makes the process of withdrawing your stake significantly lighter on the wallet.
Plus, the potential rewards have shot through the roof. Each block starting from BTC block height 864,790 now carries 10,000 points, compared to the previous 3,125. More points per block translate to higher returns for participants. This structured approach aims to benefit participants actively engaging in Cap-2 staking.
Please note: Points may not be available in your jurisdiction. For more information, please refer to Babylon’s Terms of Use.
Everstake: The Trusted Partner in Bitcoin’s New Frontier
No adventure is complete without a trusted guide, and Everstake is playing that role to perfection.
Key Benefits of Staking with Everstake–
- Industry-Leading Expertise: Trusted by over 735,000 users globally, Everstake brings extensive experience across multiple blockchain platforms.
- Competitive Fees: Everstake offers a low 3% staking fee, making it a cost-effective option for participants in Cap-2 staking.
- Powerful Security Measures: With multi-level encryption and cold storage, Everstake ensures the safety of your BTC while staked in Cap-2 staking.
- Transparency and Reliability: Everstake’s platform provides real-time updates and detailed staking reports to ensure you always have a clear view of your investments.
- User-Friendly Experience: The intuitive interface makes staking easy, even if you’re new to the process. With support for various wallets, including OKX, Tomo, and Keystone, getting started is as simple as a few clicks.
How to Stake BTC with Everstake
To get started with staking, you’ll need one of the following compatible BTC wallets: OKX, Tomo, Bitget, OneKey, or Keystone.
Important Reminders—
- Hardware Wallets: Avoid using hardware wallets like Ledger (except for Keystone via QR code).
- Bitcoin Inscriptions: Make sure your wallet does not hold any Bitcoin Inscriptions.
- Address Formats: Choose Native SegWit or Taproot for best results.
There are four convenient ways to stake BTC with Everstake—whether through the Everstake BTC Staking Dashboard, Babylon BTC Staking Dashboard, Staking Rewards Interface, or the Tomo Wallet. Select the option that best suits your preference and start staking with ease. Follow the step-by-step guides provided on the Everstake or Babylon BTC Staking Dashboards to start staking your BTC with Everstake in Cap-2 staking.
Staking BTC via Everstake BTC Staking Dashboard
Below, you’ll find the step-by-step guides for staking BTC using the Everstake BTC Staking Dashboard.
Step 1: Access the Dashboard
- Navigate to the BTC Staking Dashboard.
- Click on Stake Now.
Step 2: Connect Your Wallet
- Approve the wallet connection to the staking dashboard.
Step 3: Initiate Staking
- Click Stake.
- Enter the amount of BTC you wish to stake.
- Review and agree to the staking terms.
- Approve the BTC staking transaction.
Congrats! Your BTC has been successfully staked with Everstake.
Staking BTC with Everstake via Babylon Bitcoin Staking Dashboard
Below, you’ll find the step-by-step guides for staking BTC using the Babylon BTC Staking Dashboard
Step 1: Visit the Babylon BTC Staking Dashboard
- Go to the Babylon BTC Staking Dashboard.
Step 2: Connect Your Wallet
- Confirm that you have read the notes.
- Choose your preferred wallet and connect.
Step 3: Select Everstake as Your Validator
- Scroll through the list and choose Everstake (it offers a low fee of 3%).
Step 4: Specify Staking Details
- Enter the amount of BTC you’d like to delegate.
- Set the transaction fee and any other relevant details.
- Click Stake.
Congratulations! You’ve successfully staked BTC with Everstake.
Step 5: Track Your Activity
- Monitor your activity in the Staking History section.
Staking BTC with Everstake via Bitcoin Staking Dashboard by Staking Rewards
Step 1: Access the Interface
- Go to the Everstake BTC Staking Interface.
Step 2: Connect Your Wallet
- Currently, OKX wallet is the only option available.
- Confirm the connection to the BTC staking dashboard.
Step 3: Specify Staking Details
- Enter the amount of BTC you’d like to delegate.
- Set the transaction fee and other necessary details.
Step 4: Confirmation
- Confirm the staking transaction.
Your BTC has been successfully staked with Everstake.
Step 5: Monitoring
- You can now track your staked position via the Staking Terminal.
Staking BTC with Everstake via Tomo Wallet
You can stake directly from the mobile interface or by connecting the Tomo wallet extension to the staking dApp, such as the Everstake BTC Staking Dashboard. Here’s how to stake BTC via the Tomo mobile wallet–
Step 1: Download and Set Up Tomo Wallet
- Download the Wallet
- Create a Wallet
- Open the app to start staking BTC.
Step 2: Navigate to the Staking Section
- Tap on the Earn section.
- Select Babylon Staking.
Step 3: Stake Your BTC
- Click Stake and scroll down to find Everstake.
- Specify the amount of BTC you’d like to delegate.
- Set the transaction fee and any other details.
- Confirm the staking transaction.
Hooray! You’ve successfully staked BTC with Everstake.
Final Thoughts
The staking window opens on October 8, 2024, at 8:00 PM UTC. Getting in early allows you to maximize your rewards before the overflow blocks start.
Cap-2 staking extends beyond merely holding Bitcoin, offering a structured approach to engagement.
From avoiding overflow stakes to leveraging Everstake’s world-class platform, every aspect of Cap-2 staking is designed to offer both profitability and security.
In the words of Tony Stark, “Sometimes you gotta run before you can walk.” Babylon’s Cap-2 is that sprint forward for Bitcoin.
