Babylon
Babylon is a Bitcoin layer-2 solution that unlocks capital efficiency for BTC holders, allowing them to secure other blockchain networks using a system of Bitcoin-based timestamping and verification.
Last updated
Babylon is a Bitcoin layer-2 solution that unlocks capital efficiency for BTC holders, allowing them to secure other blockchain networks using a system of Bitcoin-based timestamping and verification.
Last updated
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What are the supported wallets for BABY?
Keplr wallet and Leap wallet.
Is there a fee?
We charge a 10% commission fees for running staking infrastructure. The APY shown on the dashboard is the yield before deducting commissions. As BABY staking is native to Babylon, do ensure that you have sufficient BABY in your wallet to pay for transaction gas fees.
What is the unbonding period?
There is a 21 days unbonding period when you unstake BABY. You will not earn any rewards and be susceptible to slashing during the unbonding period.
How do I restake?
You have to manually withdraw rewards and stake again to compound returns.