.@babylonlabs_io Bitcoin Staking Cap-3 launches today!⌛️

Here's everything you need to know about pSTAKE's plan, including Deposits, Fees, Babylon Points, and more👇

1) How much BTC will be deposited into Babylon?

> Cap-3 is a duration-based one that will run for 1,000 Bitcoin blocks (~ 1 week).

> pSTAKE will stake any remaining user deposits and all new deposits into the protocol since Cap-2.

2) Do I need to pay any extra fees?

> No. pSTAKE will cover all transaction fees on all our users' behalf 🫡

3) How are Babylon Points distributed for Cap-3?

> There is a major overhaul in how Points are distributed in Cap-3.

> 100,000 Points will be distributed in each of the first 300/1000 Bitcoin blocks.

> 21,000 Points will be distributed in each of the remaining 700/1000 Bitcoin blocks.

> Babylon Points will be allocated proportionally among all active stakes in each block.

4) Will I get Babylon Points for staking BTC with pSTAKE?

> Yes. pSTAKE will aim to optimize for the maximum possible Babylon Points received for BTC staked into Babylon.

> pSTAKE will distribute all Babylon Points pro rata to all its users to ensure fairness and inclusivity.

5) How will I know how many Babylon Points I have received?

> Following Babylon's Cap-3, pSTAKE will update its app UI.

> This will showcase individual user balance that has been staked into Babylon and corresponding Babylon Points received.

6) What's coming next?

> Adding support for Babylon’s Staking Rewards for users

> $YBTC Launch and additional BTCfi yields

> “Stake $PSTAKE, Earn $BTC” Season 2

Have questions? We're here to answer 🤝

Please reach out to the pSTAKE community if you have any further queries.

Telegram - https://t.co/Rs9m9CDH2U

Discord - https://t.co/y0u5j1p3LL

Make DeFi Great Again 🧡