Babylon Protocol: An In-depth Analysis and Participation Guide
Babylon, currently one of the most promising unreleased Bitcoin ecosystem protocols, has recently released an announcement regarding staking. Here, I'd like to synchronize the information with you and share some details not mentioned in the official announcement, along with some suggestions for direct and third-party participation.
Key Conclusions at the Forefront:
Currently, there are two main ways to participate: direct participation (including via third parties) and indirect participation through Liquid Staking Tokens (LSTs).
Analysis of Direct Participation: For retail investors, competing in the staking pool alongside LSTs means facing intense gas fees. What's more, if there's an overflow during the process, they don't have the right to queue for