Balance: -- BTC
What can I get from B² BTC Staking?
BTC holders will receive two types of benefits when they stake BTC in B² Hub’s PoS:
1. B² token rewards from B² Hub PoS.
2. B² BTC Staking will participate in Babylon’s BTC Staking on Bitcoin by staking BTC to Babylon’s finality provider and it will also provide security for B² Hub through Babylon’s Finality Provider.
3. Third-party dApps can integrate the Hive Protocol, thus offering users more potential scenarios and rewards from third-party dApps.
Is it safe to stake?
In order to work safe, we fit the next points:
1. Committee of elected, best-in-class validators to minimise staking risk.
2. Use of non-custodial staking service to eliminate counterparty risk.
3. An audit conducted by ScaleBit
How does stake work?
Users holding BTC can participate in Staking. Users who stake BTC into the B² Hub PoS will receive B² token rewards proportionally based on the amount of BTC staked.
The number of B² tokens produced per block is fixed, and the fixed quantity of B² token rewards will be evenly distributed among the BTC currently participating in the staking at that moment.
Participating in Babylon BTC staking and delegating to the B² Finality Provider will provide security for the B² Hub and earn B² tokens as rewards through the B² Hub's PoS mechanism.
When can I unstake?
Users can stake and unstake anytime as they wish.