Babylon is set to launch the second cap of its Bitcoin staking mainnet Phase 1

#Babylon announced an update regarding its #Bitcoin staking mainnet. The second cap of Phase-1 will open on October 9, 2024, at 11 AM UTC, allowing staking transactions with a maximum limit raised from 0.5 bitcoins to 500 bitcoins.

Cap-2 will last for ten Bitcoin blocks, from block height 864790 to 864799, without a total value limit. The minimum transaction amount remains at 0.005 bitcoins, while the unbonding fee for Cap-2 will be reduced by 50% to 0.00032 bitcoins.