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 Earn and select BTC under the crypto list
Select 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 Allocate to complete the order
How do I redeem BTC on Babylon?
Review your existing orders under Earn
Select Earn on the app
Select your order and proceed to select Redeem
Check your order details and select Redeem
Swipe to confirm your redemption
Swipe to confirm your redemption
After confirming your redemption, you can see the redeeming status in your order
Example of redeeming status in your order
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.