Babylon BTC Staking Campaign

Bitrue has partnered with Babylon to enable BTC staking on the Babylon chain via Bitrue, allowing participants to earn points. Additionally, Bitrue offers flexible interest on staked quotas. Babylon on-chain staking begins on December 10th, 2024, at approximately 11 AM UTC, on a first-come, first-served basis.

We will complete the on-chain unbonding operation for requested funds on T+1 day. During the staking period, points earned on-chain will be proportionally distributed based on the user’s staked amount relative to the total staked amount of all participants. This process is secure, convenient, and allows for flexible participation and withdrawal at any time.

Great news: Bitrue provides the highest flexible interest rates in the market, making staking even more rewarding. For each new user you invite who registers and completes their first deposit, your base 1.3% APR will increase by 1.12x, up to a maximum of 2.3%.

Babylon extends Bitcoin's security to the decentralized world through innovative protocols. Its Bitcoin Staking service enables trustless and self-custodial staking for PoS systems. Visit the Babylon website to learn more about Babylon staking.

1. After successful staking, on-chain staking will take place on T+1 day.

Regarding points: Points will be allocated on T+1 day and distributed on T+2 day, with daily distributions thereafter.

Regarding flexible earnings: Flexible interest will start accruing on T+1 day and will be distributed on T+2 day, with daily distributions thereafter.

2. After submitting an Unbonding request, on-chain Unbonding will take place on T+1 day, and funds will be fully unbound by T+8 day.

Regarding points: Points will no longer be allocated starting from T+1 day.

Regarding flexible earnings: Flexible interest will no longer accrue starting from T+1 day.

3. From the time of successful staking until the funds are fully unbound, the staked amount will be included in "My Assets - Spot Assets - Frozen Assets".

Note: if you have Funding, then it will be included in "My Assets > Funding > Frozen".

4. Points:

Currently, points have no intrinsic value. They may be converted into tangible rewards, such as airdrops, by the project team in the future based on the points balance.

Points are not tokens and cannot be transferred or traded.

5. Point Allocation:

Points earned from on-chain staking are distributed proportionally based on each user's valid staked amount relative to the total staked amount of all participants.

Since on-chain staking may involve failures, quota overflow returns, and commission payments to finality providers during point allocation, and because on-chain staking and Unbonding are dynamic, points are distributed daily based on the actual final allocation from on-chain staking.

Users can check their daily point distributions in "My Holdings - Babylon Points - Points earned yesterday."

6. Flexible Earnings:

The maximum APR is 2.3%, starting from a base rate of 1.3%.

Accelerated earnings increase the base rate by 1.12x for each successful invitation:

Invite 1 friend who registers and makes their first deposit: APR increases to 1.46%.

Invite 2 friends: APR increases to 1.63%.

Invite 3 friends: APR increases to 1.83%.

Invite 4 friends: APR increases to 2.05%.

Invite 5 or more friends: Maximum APR of 2.3%.

Invitations are continuously tracked after the user’s first staking participation.

During the event, Bitrue may discontinue the accelerated rewards. If the accelerated rewards are stopped, interest will continue to be paid based on the APR achieved before the change and the invite count will no longer be updated.

7. No points or flexible earnings will be calculated after the event ends.

Automatic Unbonding requests will be made on the event end date, and funds will be fully unbound and withdrawable by T+8 day.

The staking campaign is expected to last 15 months, with the event end date tentatively set for March 10, 2026, at 11:00 UTC.

The final end date will be determined by the project team.

This staking activity relies on the Babylon BTC staking project, which carries risks. Risks include, but are not limited to, staking failures, quota overflow returns, and staking forfeitures. Please ensure you understand and acknowledge these risks.

Bitrue only provides an intermediary service for on-chain staking. You bear full responsibility for your transactions.

Bitrue reserves the right to the final interpretation and decisions regarding this activity.

For more information, please refer to our [Terms of Use] and [Privacy Policy].