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This is a @babylonlabs_io appreciation tweet. Who would've thought Native, Trustless Bitcoin Staking would be a reality, but here we are today. 🧡
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Date just asked me about my green and red flags. I said I'm just a simple orange one. I think there will be a second date..🧡
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🚨 JUST IN: $PSTAKE Staking Season 2 will go live on 13 Dec 2024 with a 10M Token Staking Cap. Lock the PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC 🤝 Get PSTAKE on @AerodromeFi on @base today to stay ahead 👉
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getting out of any wrapped $BTC version to stake native Bitcoin on @babylonlabs_io with pSTAKE is a different kind of aura ✨
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.@babylonlabs_io Bitcoin Staking Cap-3 launches today!⌛️ Here's everything you need to know about pSTAKE's plan, including Deposits, Fees, Babylon Points, and more👇 1) How much BTC will be deposited into Babylon? > Cap-3 is a duration-based one that will run for 1,000 Bitcoin blocks (~ 1 week). > pSTAKE will stake any remaining user deposits and all new deposits into the protocol since Cap-2. 2) Do I need to pay any extra fees? > No. pSTAKE will cover all transaction fees on all our users' behalf 🫡 3) How are Babylon Points distributed for Cap-3? > There is a major overhaul in how Points are distributed in Cap-3. > 100,000 Points will be distributed in each of the first 300/1000 Bitcoin blocks. > 21,000 Points will be distributed in each of the remaining 700/1000 Bitcoin blocks. > Babylon Points will be allocated proportionally among all active stakes in each block. 4) Will I get Babylon Points for staking BTC with pSTAKE? > Yes. pSTAKE will aim to optimize for the maximum possible Babylon Points received for BTC staked into Babylon. > pSTAKE will distribute all Babylon Points pro rata to all its users to ensure fairness and inclusivity. 5) How will I know how many Babylon Points I have received? > Following Babylon's Cap-3, pSTAKE will update its app UI. > This will showcase individual user balance that has been staked into Babylon and corresponding Babylon Points received. 6) What's coming next? > Adding support for Babylon’s Staking Rewards for users > $YBTC Launch and additional BTCfi yields > “Stake $PSTAKE, Earn $BTC” Season 2 Have questions? We're here to answer 🤝 Please reach out to the pSTAKE community if you have any further queries. Telegram - https://t.co/Rs9m9CDH2U Discord - https://t.co/y0u5j1p3LL Make DeFi Great Again 🧡
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