Bitcoin Staking Protocol Babylon Announces Cap-2 Launch in October: Key Details Revealed

On September 25, Bitcoin staking protocol Babylon announced via X that the initial phase of the Babylon mainnet Cap-2 is set to launch in the second week of October. Users engaging in the Cap-1 phase must unbind and withdraw any overflowed staking before proceeding to Cap-2. Detailed information on Cap-2 will be disclosed in due course. Previously, COINOTAG noted that during the Cap-1 phase, 1,000 BTC were staked, with approximately 80% derived from the Liquid Staking Token (LST) project and around 20% from native stakers. Additionally, the Cap-1 phase experienced a staking overflow of 369 BTC, evenly split between the Liquid Staking Token (LST) project and native stakers.