Babylon announced that it would initiate the first stage of its Bitcoin staking mainnet next week, with an initial total staking cap of 1,000 BTC. The rollout will occur in three phases, starting with the locking of Bitcoin, followed by the activation of the PoS chain, and finally enabling multi-staking across multiple PoS systems.

Babylon announced that it would initiate the first stage of its Bitcoin staking mainnet next week, with an initial total staking cap of 1,000 BTC. The rollout will occur in three phases, starting with the locking of Bitcoin, followed by the activation of the PoS chain, and finally enabling multi-staking across multiple PoS systems.

https://medium.com/babylonlabs-io/babylon-bitcoin-staking-mainnet-launch-phase-1-9188a2a1bf46