Babylon Participation Guide: What are the potential high-quality airdrops in the Bitcoin ecosystem?

Author: Yumi Kong

The mainnet of the leading Bitcoin pledge project Babylon is finally going online!

The narrative of Bitcoin asset gain has been talked about for a long time, but this story of releasing 1.5 trillion US dollars of capital has been confined to the implementation of the Bitcoin interest-bearing agreement. With the official launch of the first phase of the leading project Babylon Bitcoin pledge mainnet on August 22, Bitcoin will officially enter a new stage.

It is understood that the Babylon Bitcoin pledge mainnet has three phases and is currently in the first phase of Bitcoin locking, which mainly supports users to lock BTC in a secure self-custody script by initiating transactions. To put it more directly, you can now lock your BTC to Babylon and get corresponding staking rewards.

The official announcement mentioned that the initial staking amount in the first phase is capped at 1,000 BTC, the minimum staking amount for each transaction is 0.005 BTC, and the maximum staking amount is 0.05 BTC. If the third-party service provider charges a 5% fee, for example, users who deposit 0.05 BTC can get about 593.75 points per month (for specific calculation methods, please refer to the official introduction).

For ordinary users, actively participating in the popular project Babylon staking to obtain point rewards is definitely profitable, but this also involves gas costs and the probability of success.

Of course, there are corresponding solutions to these problems. Long before Babylon officially announced the launch of its mainnet, many LRT projects or platforms in the industry, including Lombard, Bedrock, Lorenzo, Chakra and pSTAKE, have announced various staking activities. In order to attract user participation, these platforms have more or less reduced or directly exempted Gas. As long as users stake BTC through their own portals, in addition to the rewards provided by Babylon, they will also receive corresponding tokens or points rewards, achieving one-fish-and-two-eats.

Bitcoin staking: How to kill two birds with one stone?

The author will use Bedrock as an example to introduce to you how to achieve multiple benefits of BTC staking.

Bedrock is a multi-chain liquidity re-staking protocol built on Babylon and Eigenlayer. In May this year, it received investment from institutions such as OKX Venture and LongHash, and also received support from Babylon co-founder Fisher Yu.

On August 20, Bedrock announced that the 400 BTC deposit quota for its first phase Cap 1+ was full, and plans to open the second phase of deposits to users soon. According to the official website, Bedrock supports users to stake BTC on multiple chains such as OP, Ethereum, Mantle, B², Bitlayer and Merlin to the platform. In addition to obtaining Babylon's staking rewards, users can also obtain additional OP tokens or up to 42x Diamond reward bonuses, achieving multiple benefits.

In addition to Bedrock, the author has also compiled other LRT projects that provide more benefits for reference:

Solv Protocol: In addition to Babylon rewards, users can also earn 20% double Solv XPs;

Chakra: In addition to Babylon staking rewards, users can also get 20% double Chakra Pranas gains, as well as share future Chakra token rewards worth $50,000;

pSTAKE: In addition to Babylon staking rewards, users can also participate in sharing 100,000 $pStake tokens;

Lombard: There is no deposit limit for whitelisted addresses, and users can obtain Babylon staking benefits. There is no other benefit description;

Lorenzo: In addition to Babylon staking rewards, users can also obtain YAT rewards worth 1.5 million US dollars and annualized rewards of 32%;

Kinza Finance: In addition to Babylon staking rewards, users can also obtain Kinza's future token airdrops;

PumpBTC: In addition to Babylon staking rewards, users will also have the opportunity to share $MNT rewards worth 30,000 US dollars.

Based on the above information, you can compare and select the method with the highest potential benefits, and try to deposit BTC to enjoy the first wave of dividends for Bitcoin staking gains. In addition, Bitcoin L2 projects including Bitlayer and B² have plans or have launched corresponding incentives and activities, hoping to encourage users to actively participate in Babylon deposit staking in the corresponding ecosystem by providing rich points or token rewards, and ultimately help users gain benefits.

Inventory of high-quality airdrops in the BTC ecosystem

As the opening project to share Bitcoin security with other PoS projects, Babylon is definitely worth everyone's participation. However, the deposit limit for the first phase of Babylon is only 1,000 BTC. Under the huge market demand, there will inevitably be a lot of liquidity that cannot be met, but the Bitcoin ecosystem is a huge treasury, and other high-quality airdrops with potential are also participating.

Recently, the crypto investment research community Biteye sorted out and released a potential release project for the BTC ecosystem, some of which are worthy of our attention and in-depth exploration. According to comprehensive judgment based on indicators such as KOL attention and total financing, in addition to Babylon, projects such as Bitlayer, BOB, B² and Nubit are all worthy of attention and focus on participation.

Take Bitlayer as an example. At present, the team has announced the mechanism design related to airdrops such as gems and points, and has clearly given generous $BTR rewards in the Fair Launchpool activities of OKX Cryptopedia and Bitget Wallet. Therefore, it can be confirmed that the project has a clear token incentive plan for early users.

Therefore, if you want to get Bitlayer's future airdrops, you can accumulate Bitlayer points by actively participating in various market activities launched by Bitlayer, as well as on-chain interactions, and even directly obtain $BTR airdrops by actively participating in activities. Among them, the most generous event is Bitlayer's 20th event on OKX Cryptopedia, which provides users with $BTR rewards worth $1.25 million and up to 100 million points.

The specific event participation tutorial is as follows: You need to log in to the OKX Cryptopedia event page and complete the tasks set by Bitlayer and 6 ecological projects including GamerBoom, Macaron, Anome, Vanilla Finance, Avalon Finance and Zearn, including simple operations such as following social channels, cross-chain transactions, and deposits.

Because most of the Bitlayer ecosystem projects are still in the early stages, if you complete Bitlayer's tasks in OKX Wallet, on the one hand, you will have the opportunity to obtain event-exclusive rewards, on the other hand, you can also accumulate Bitlayer points, and even have a high probability of obtaining future token airdrops of these ecosystem projects, achieving one-fish-two-dip.

Of course, according to Biteye's statistics, other Bitcoin second-layer projects such as BOB, B², Botanix, Mezo and Nubit are generally worth participating in. We will provide interactive transactions of these projects in subsequent content to obtain more potential airdrop rewards.