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CryptoTelugu
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šŸ’„Everything u need to know about @babylonlabs_io Mainnet Phase1 šŸ’°$96M funding āœ…Binance backed šŸ†•First Bitcoin Staking protocol šŸ“†Mainnet Phase1 is going live in 1day āœ…U can stake your $BTC & start earning points šŸ“Phase1 Details šŸ§¢Total staking cap - 1000 BTC āœ…Min - 0.005 BTC āœ…Max - 0.05 BTC šŸŖ™3,125 Babylon points will be allocated per Bitcoin block šŸŖ™For 0.05 BTC u earn 0.15 pts per block šŸŖ™144 blocks per day so 22pts per day per 0.05 BTC šŸ‘‡Steps šŸ”—btcstaking.babylonlabs.io āœ…Once staking go live tomorrow u can stake BTC using above link āš ļøPopular Bitcoin wallets r not available so prepare with supported wallets like, Binance, OKX etc āš ļøUnstaking cooling period of 7 days šŸ§¢First 1000 BTC cap can reach quickly, so u can also use LST platform like EtherFi on EigenLayer āœ…These LST projects will stake your BTC when caps r lifted šŸ“List of LSTs 1ļøāƒ£app.chakrachain.io/stake?code=d72ā€¦ āœ…Staking live 2ļøāƒ£lombard.finance šŸ’°$16m funding āœ…Stakinā€¦
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