Babylon will lift restrictions on Cap-1 staking in the first phase at 18:00 on April 24

This article is machine translated
Show original

According to Foresight News, Babylon announces that it will lift the restrictions on the first stage Cap-1 staking on April 24 at 18:00, allowing new Bitcoin staking and remaining Phase-1 staking to enter Babylon Genesis, to achieve permissionless Bitcoin staking.

Additionally, it is worth noting that the Lombard protocol recently unstaked approximately 15,000 BTC from the system. This is because all these BTC were delegated to Lombard's finality provider. To achieve decentralization, the Lombard protocol has unstaked these BTC and will proceed with staking.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments