Babylon Bitcoin Staking Mainnet Phase-2

Babylon Bitcoin Staking Mainnet Phase-1: Cap-2 Details

Babylon Bitcoin staking mainnet Phase-1 is reopening with updated parameters. The second cap is scheduled to open on October 8, 2024, around 8PM UTC.

Duration and Block Height

Cap-2 will operate under a duration-based cap, lasting for 10 BTC blocks, beginning from block height 864790. This means that all valid Bitcoin staking transactions included in blocks 864790 through 864799 (inclusive) will be accepted.

Transaction Limits

• Minimum: The minimum amount per transaction remains 0.005 bitcoins.
• Maximum: The maximum amount per transaction has increased to 500 bitcoins, up from 0.05 bitcoins in Cap-1.

Unbonding Transaction Fee

The unbonding transaction fee for stakes accepted during Cap-2 will be 0.00032 bitcoins, representing a 50% reduction compared to Cap-1.

Points per BTC Block

Starting from BTC block 864790, the number of points per BTC block will increase from 3125 to 10000. These points will be allocated proportionally among all active stakes.

Overflow Considerations

Transactions included in BTC block 864800 and subsequent blocks will be considered "overflow" stakes. These are not accepted by the system and will not accrue points. Overflow stakes from Cap-1 will not be included in Cap-2. It is recommended to unbond and withdraw all overflow stakes.