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 OKX and scroll below to find Earn to locate BTC under the crypto list

   

   Select OKX and 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 Swipe to confirm to complete the order

How do I redeem BTC on Babylon?

1. Review your existing orders under Earn

   

   Select OKX and Earn on the app

2. 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

3. 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.