Bitcoin Staking on Babylon

[Suba]

Babylon (Babylonlabs.io) is a platform to enhance the security of PoS networks and DApps by utilizing Bitcoin features such as timestamping and blockspace, allowing Bitcoin holders to stake Bitcoin on the Bitcoin Layer 2 network without the need for a third party, be it a bridge or custodian.

Bitcoin staking enthusiasts only need to visit Babylonlabs.io, then agree to the agreement and connect to a wallet such as Bitget wallet, OKEx wallet, Keystone, Onekey, etc.

 

[riberet19]

What is the profitability of staking your Bitcoin on Babylon? most staking I've seen doesn't exceed 1% APR...

 

[Suba]

Bitcoin stakers on Babylon earn a return of approximately 1% APR, paid weekly.

 

[Nomad]

I have never heard of this platform, I don’t have bitcoin assets either. By the way is the staking rewards fixed or is varies according to the market?