Babylon Airdrop
This project lets you stake your idle bitcoin to secure other networks and earn yield along with potential rewards.
Babylon is a protocol that allows bitcoin holders to stake their assets on proof of stake chains without needing to bridge them to other networks. This brings the security of bitcoin to the broader crypto ecosystem.
The team is running a points program based on staking activity. By locking your bitcoin through their platform you accumulate points that will likely determine your future allocation when they launch their token.
Who qualifies
Anyone who owns bitcoin and has a compatible wallet to sign transactions on the bitcoin network.
How to qualify and claim
- 11. Visit the official Babylon website and connect a compatible bitcoin wallet.
- 22. Acquire some bitcoin if you do not have any in your wallet.
- 33. Select a validator from the provided list to delegate your bitcoin.
- 44. Confirm the staking transaction in your wallet and pay the required network fee.
- 55. Keep your bitcoin staked for the duration of the current phase to earn maximum points.
Official links
Only use the official links above. Never enter a seed phrase and never sign a transaction you do not understand.
Frequently asked questions
Is my bitcoin safe while staking?
You retain custody of your bitcoin because it stays on the bitcoin network. However you should always read the official documentation to understand the risks of slashing or smart contract bugs.
How are the points calculated?
Points are earned based on the amount of bitcoin staked and the duration of the stake. The longer you keep your funds locked the more points you generally accumulate.
Do I need a lot of bitcoin to start?
There is no official minimum but keep in mind that bitcoin transaction fees fluctuate. It is best to stake an amount that justifies the cost of the network fees.