Loading...
Market
Will Babylon Labs' Bitcoin staking protocol experience a network fee spike by November 30, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Blockchain transaction data or Babylon Labs announcements
Story
Babylon Labs Bitcoin Staking Protocol Increases Cap, Pulls in 24,000 BTC ($1.5B)
Oct 8, 2024, 04:34 PM
Babylon Labs, a Bitcoin staking protocol, has announced an update for its Bitcoin staking mainnet Phase-1 Cap-2. The maximum staking amount per Bitcoin staking transaction has been increased from 0.5 BTC to 500 BTC. Babylon Labs completed a staking round capped at 1,000 BTC ($62.4 million) in August and has now opened for staking deposits again with a new 'duration-based' round. The protocol pulled in about 24,000 BTC, or $1.5 billion, after briefly lifting its deposit cap. Pending stake amounts to 18.7K BTC (~$1.16 billion). The new round launched at 8 PM UTC on Tuesday without any network fee spikes.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Below 2,000 BTC • 25%
2,000-4,000 BTC • 25%
4,000-6,000 BTC • 25%
Above 6,000 BTC • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase in network fees • 25%
Increased BTC liquidity • 25%
Higher BTC price volatility • 25%
No significant impact • 25%
Decrease by more than 20% • 25%
Decrease by 0-20% • 25%
No significant change • 25%
Increase • 25%
Less than 30,000 BTC • 25%
30,000 to 40,000 BTC • 25%
40,000 to 50,000 BTC • 25%
More than 50,000 BTC • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%