Babylon Staking Cap2 opens on 8 October 2024 around 8 PM UTC. Staking runs from block 864790 to 864799 and will last about 1 hour and 40 minutes, with a limit of 0.005 - 500 BTC per transaction. P2P.org is excited about the next Cap, which is why we’ve prepared a guide to help you stake BTC with P2P.org using the official P2P Bitcoin Staking dApp.
In this guide, we’ll explain the exact steps you need to take to stake your BTC with our dApp.
If you want to stake your BTC, you need to visit our BTC dApp, where you can stake your BTC in a non-custodial manner.
Currently, our BTC dApp supports Bitcoin wallets such as OKX, Bitget and Tomo.
💡 It’s important to note that you should comply with one of Babylon’s requirements and avoid connecting wallets with Bitcoin inscriptions.
The amount of BTC you can stake in Cap 2 ranges from 0.005 to 500 BTC per transaction. Keep in mind that when making a staking transaction, you will need to pay a fee for the Bitcoin network.
After successfully signing the transaction, you can see the transaction details and a link to the block explorer, where you can find additional information about it.
You can unstake your BTC using the same application. Please note that you can only unstake each transaction one by one. To do that, you need to open the Overview and follow three steps:
Find the transaction you want to unbond
If you do not unstake your BTC, the stake will automatically be unstaked after 65 weeks (64,000 Bitcoin blocks).
P2P Validator is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Babylon Chain activities since the beginning.
Do not hesitate to ask questions in our Telegram chat or contact Alik via [email protected]. We are always open to communication.
Web: https://p2p.org
Twitter: @p2pvalidator
Telegram: https://t.me/P2Pstaking
<p><strong>EigenLayer Programmatic Incentives</strong> are now live!</p><p></p><p>To reward users in the EigenLayer ecosystem, the EigenLayer team has distributed <strong>$EIGEN</strong> rewards to stakers and operators for their active participation in supporting AVSs.</p><p></p><p><strong>Programmatic Incentives v1</strong> will enable weekly programmatic rewards of $EIGEN tokens to stakers and operators. For v1, the incentives have been retroactive <strong>based on staking status since August 15th, 2024, and are now available for claim.</strong></p><p></p><p>EigenLayer has pledged to distribute 4% of the $EIGEN token supply (~66,945,866 EIGEN) in the first year of this program to ensure that incentives are aligned.</p><p></p><p>Weekly programmatic rewards are live to claim every Tuesday at 19:00 UTC. It is important to also be aware that there is a one-week buffer for reward eligibility and claiming and that gas fees for claiming are paid in ETH.</p><p></p><p>To learn more about what to expect with Programmatic Incentives, check out P2P's Dune dashboard, which shares vital information like ETH APR estimation for restakers and EIGEN APR estimation.</p><p></p><p><a href="https://dune.com/p2p_org/eigenlayer-rewards?ref=p2p.org"><u>EigenLayer Rewards Dashboard</u></a></p><p>Also, it is the first time such a dashboard has been shared with the community. Consider sharing it with your network:</p><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">📢 On 15th October, <a href="https://twitter.com/eigenlayer?ref_src=twsrc%5Etfw&ref=p2p.org">@eigenlayer</a> is launching Programmatic Incentives v1 to reward stakers and operators actively supporting AVSs in the Eigen Layer ecosystem.<br><br>So, as Operator No. 1, we're FIRST to bring the tool that helps you make informed decisions! (See: Link in comments 🔗) <a href="https://t.co/7oA3XWWegR?ref=p2p.org">https://t.co/7oA3XWWegR</a> <a href="https://t.co/jAl6aWglpR?ref=p2p.org">pic.twitter.com/jAl6aWglpR</a></p>— P2P.org (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1845144466199544113?ref_src=twsrc%5Etfw&ref=p2p.org">October 12, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></figure><p>Let's get back to our guide.</p><h2 id="steps-for-claiming-eigenlayer-rewards-%F0%9F%91%87"><strong>Steps for Claiming EigenLayer Rewards 👇</strong></h2><p></p><p><strong>Step 1:</strong> Visit <a href="https://www.eigenlayer.xyz/?ref=p2p.org"><u>https://app.eigenlayer.xyz/</u></a></p><p></p><p><strong>Step 2:</strong> Click 'Connect Wallet' at the top right corner and select the wallet linked to your EigenLayer holdings.</p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdYX11PbDcV0oGFHJDqyBySHFDlh6QD4E_1lmDJBRdgMdYzzIkHVSlic6f74JOTAcwhjwFWKKNFZ1eN2v1lqGF3sVqf9ByR0dAryDpwRLeVVm9BvqZM3qxzBrTduPuxfyYg2mR9Ty5YDV5XYP8Q5CTXuhk?key=_d-jGKhAufYUsocju-mjoQ" class="kg-image" alt loading="lazy" width="1600" height="888"></figure><p></p><p><strong>Step 3: </strong>Once your wallet is successfully connected, your rewards will show as 'Claimable Rewards', and you can select 'Claim Rewards' to initiate the claim process.</p><p></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeqCz1m08gVK8srSIOxPGPku2mseU87_lCVdOFEoaM_wKAhPIRgyPl-l7E3UjyYGxmWTu5Zzz2BolLXr6yKvTr9JjLgNpjBDSNigTeeQOEGIcmbELrfzUIDMxWO39SYQEsKf7nMb4Q5a8LXcoisALOFNlQM?key=_d-jGKhAufYUsocju-mjoQ" class="kg-image" alt loading="lazy" width="1600" height="667"></figure><p><br></p><p><strong>Step 4: </strong>After selecting 'Claim Rewards,' you can view the token rewards you are eligible for (multi-select is available). Once you choose the rewards you want to claim, select 'Claim Tokens.'</p><p><br></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXclvhaASkjrZ3o1NPLpy3piPp2J6ylPwEdovnxSTwqewl3bfEwjUOu6c4gNSrdot-7kpRqSaVLzxrCDEfrJmFOwk__ZcCfTn4VNYukAftjcR_ly8xhL6CrJElC0Nvd-iOQYLClkR_v_Yzi8U7gjVkd4JwU?key=_d-jGKhAufYUsocju-mjoQ" class="kg-image" alt loading="lazy" width="1600" height="666"></figure><p><br></p><p><strong>Step 5: </strong>The claim process is triggered, and you will sign the transaction in your wallet to complete the rewards claiming process. Once the claim is fulfilled, select 'Done'.</p><p></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeVV7ABqh_UBnyPK7IvgnxuarpXYumWmxjKGYo8w8WEjl_DdVQqA4ujnUpnY6FaQN0CzJHNf12QU1X3yw-r_Z4qDGmrhYuuMKwHSibmXqDBv4ARSMaCxEjYi9ISyuW2KcL281RqyPhCmcYqGmBVPCvxjimg?key=_d-jGKhAufYUsocju-mjoQ" class="kg-image" alt loading="lazy" width="1118" height="1219"></figure><p><br>---</p><h2 id="contact-us">Contact Us:</h2><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> <br>We are always open for communication.</em><br><br>We encourage you to check our website and start our staking journey together!</p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/ethereum?ref=p2p.org" class="kg-btn kg-btn-accent">Stake with us!</a></div><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a><br><strong>Blog:</strong> <a href="https://p2p.org/economy/">https://p2p.org/economy</a><br><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a><br><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
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<p>Babylon Staking Cap2 opens on 8 October 2024. <strong>Staking runs from block 864790 to 864799 and will last about 1 hour and 40 minutes</strong>, with a limit of 0.005 - 500 BTC per transaction. P2P.org is excited about the next Cap, so we’ve prepared a guide to help you stake BTC with P2P.org using the Babylon Bitcoin Staking Protocol.</p><p></p><p>This guide will discuss how to stake BTC on Babylon’s official dashboard.</p><p></p><h2 id="step-1-visit-the-official-babylon-staking-dashboard">Step 1. Visit the official Babylon Staking Dashboard </h2><p>If you want to stake your BTC, you need to visit Babylon’s official staking dashboard, where you can do so non-custodially.</p><p></p><p><a href="https://btcstaking.babylonlabs.io/?ref=p2p.org"><u>https://btcstaking.babylonlabs.io</u></a> </p><p></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXesXdAAfrLoW2Js6ESyX75LK4bFXRg2dk5bQ2HCb4JwEwDxNi-pSFjO8_FWaGiy_vANwo1poz-GZo-bXp6EjdarDPdEDuObPzD-7zSDDgEbwQXBdiOeaa7oxHKLVgUDOHV_b9sxS9PHBa49g7qk7O7bKRw?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="869"></figure><p></p><h2 id="step-2-connect-your-btc-wallet">Step 2. Connect your BTC wallet:</h2><p></p><p>Babylon’s official dApp currently supports Bitcoin wallets such as OKX, <strong>OneKey, Bitget, Tomo, and Keystone wallet via QR code</strong></p><p><br></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJjJWfwD-gcEWu4_4kO9jWNbCsSGaueMl3pXJ-NWY55Nun-ka6q48KltTKPho04QoiZfFHL-tt6WqtCDq0StjTXMkAe-nrH_IlFI6i_U0olEbpqVfgPHHJomch1wuZsW1W8ZdQgmMwrr8B-CfOHil9dCY?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="986"></figure><p>It’s important to note that you should comply with two of Babylon’s requirements:</p><ol><li>Do not connect wallets with Bitcoin inscriptions within</li><li>Do not connect any hardware wallets except Keystone.</li></ol><p></p><h2 id="step-3-choose-p2p-as-your-finality-provider">Step 3. Choose P2P as your Finality Provider.</h2><p>We’ll be your security provider, ensuring the safety of your stake.</p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMnpEqqDAoHeE0WUeJqHB6uP1IvWsQk6BOkQJkSZckmlzdFCniZdSoQ3XyDA-H9vqWxV2w6mgdJD9LPYjqwZ7-nYM7Q-PsNaonzLPPNSZ8yAjzLSoZnQ7uiDcvxwAZkxmqGtzL5PzMPOkrGClgqk-fq6a-?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="952"></figure><p></p><h2 id="step-4-enter-the-amount-of-btc-you-want-to-stake-and-sign-the-transaction">Step 4. Enter the amount of BTC you want to stake and sign the transaction.</h2><p></p><p>The amount of BTC you can stake in Cap 2 ranges from 0.005 to 500 BTC per transaction. Remember that you must pay a fee for the Bitcoin network when making a staking transaction.</p><p></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoP4NPrBnFUuRNEArlmv4Hb6m7N8wXx_dVqFJMso7K3FXF6pO8_3gAlrca5gQqF5LMzb_vsEbSgVcp0MHb9uvcwtdpZcOssiANI-7Ulv7QuToBCBkNhRT9nCkS-c5mLHhRHBeXoU9RBZ-duJZ_FyY73TGv?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="857"></figure><p></p><h2 id="how-to-unstake-your-btc">How to unstake your BTC</h2><p>You can unstake your BTC using the same application. To do that, you need to sign two transactions:</p><p></p><ol><li>Sign an unbonding transaction, which will unstake your BTC after the 7-day period (1008 Bitcoin blocks).</li><li>Sign a withdrawal transaction to unlock your BTC finally.</li></ol><p></p><p>If you do not unstake your BTC, the stake will automatically be unstaked after 65 weeks (64,000 Bitcoin blocks).</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Babylon Chain activities since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alik via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
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