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?

1. Head over to Earn and select BTC under the crypto list

   

   Select Earn from the main menu

2. Enter the amount of BTC you'd like to allocate

3. Read through the Preview and and Terms of Service to confirm

   

   View your allocation preview

4. Select Allocate to complete the order

How do I redeem BTC on Babylon?

1. Review your existing orders under Earn

   

   Select Earn on the app

2. Select your order and proceed to select Redeem

   

   Check your order details and select Redeem

3. Swipe to confirm your redemption

   

   Swipe to confirm your redemption

4. 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.