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Through Babylon technology, a certain platform officially launched Bitcoin staking services.
On June 19, it was reported that a trading platform launched a bitcoin staking service through a new integration with Babylon, which allows users to directly pledge their bitcoins and lock them in a custodial vault on the native chain. The staked bitcoins will then be delegated to the PoS network through Babylon and rewards will be paid in the form of BABY tokens. The mechanism is entirely on-chain, and staking is managed by Bitcoin Script and cryptographic safeguards to prevent malicious behavior. Users can unstake at any time, and the unbonding period is about 7 days.