How to stake and redeem BTC with Babylon?
What's OKX Babylon BTC Staking?
OKX Babylon BTC Staking is the first on-chain staking product supported by OKX On-chain Earn. OKX facilitates this process by helping users stake their BTC into the Babylon Protocol, enabling them to earn rewards provided by Babylon.
How do I stake BTC on Babylon?
Head over to OKX and scroll below to find Earn to locate BTC under the crypto list
Select OKX and Earn from the main menu
Enter the amount of BTC you'd like to allocate
Read through the Preview and and Terms of Service to confirm
View your allocation preview
Select Swipe to confirm to complete the order
How do I redeem BTC on Babylon?
Review your existing orders under Earn
Select OKX and Earn on the app
Select your order or multiple orders and proceed to select Redeem
Check your order details and select Redeem for single redemption
Check your order details and select Redeem for multiple redemption
Select the multiple orders and select Redeem
Swipe to confirm your redemption
Swipe to confirm your single redemption
Swipe to confirm your multiple redemption
Note: the redemption process follows the protocol's withdrawal rules. You can check your order details to see how long it'll take for your crypto to land back in your portfolio.