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Babylon is the largest staking project in the Bitcoin ecosystem at present. Users can complete decentralized staking of BTC through Babylon to unlock the staking income of BTC.
Babylon innovatively extracts security from the Bitcoin chain and expands this security to other PoS chains, such as Cosmos, Binance Smart Chain, Polygon and other public chains, which is the source of its pledge income.
Babylon’s financing amount is also gradually rising, from the initial $8 million financing to the last month’s $70 million financing, which means institutions are increasingly optimistic about the development of the project, including well-known experts such as Paradigm, Polychain, IDG, and Binance Labs.Institutions are their main investors.
https://x.com/babylon_chain/status/1796171723471258091
In order to ensure the safety and stability of its pledge process, Babylon started the test network pledge activity before it was launched normally.
At present, the pledge activity of Test Network-4 has been carried out for 2 rounds, but due to too many participants, the credit limit was quickly used up.
The official updated the news about the 3 test last night. This test is about 5 pm on May 19th, Beijing time, and the end time is 5 pm on June 24th, with limited time and no limit. Users should prepare for the water in advance..
In this tutorial, we will combine another Babylon-based replenishment project, Chakra, to achieve two-fish eating.
Chakra is Babylon’s official collaboration project. It is based on ZK-STARK’s staking proof and ZK light client, which can safely and efficiently map BTC staking through Babylon to any ecosystem, empowering many BTC Layer 2 and decentralized applications.(DApps).
https://x.com/ChakraChain/status/1803031298816266590
With the launch of Babylon’s three-test test, Chakra also opened its own test network’s third phase activity simultaneously, which can be completed together with Babylon’s activities.
1. Receive test coins
1. Official DC collection
To collect test coins, we need to use the BTC Signet network, open the OKX wallet, adjust the network to BTC Signet, and then add BTC tokens, as shown in the figure below.
Next, copy your wallet address (starting with “tb1p”), join Babylon’s official DC, and go to the #faucet-signet-btc channel to receive the test coins.
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Currently, there are many people who receive official DCs, which may prompt that the tokens have failed to be sent. Here are two additional ways to collect them for your reference.
2. Tomo wallet collection
Tomo signet faucetTomo signet faucett.co
The user needs to install the Tomo wallet, then fill in the wallet address, wait for about 10 minutes, and you can get 0.0007 BTC test coins. In the case of a large number of people, the collection may also fail.
3. Buy Mini Bridge directly
If you cannot get the above two methods, you can choose to buy the test coins directly.
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Select Swap, here we can exchange ETH on the Arbitrum chain for BTC on the BTC Signet network.
Then enter the wallet address and you can receive the test coins in real time without waiting for the faucet to be repaired in DC.
Note: Whether it is to collect or purchase directly, because the Signet network is currently too congested, the arrival speed is very slow. It may take about 30 minutes for direct purchase to be received. Please be patient.
2. Pledge tokens
Babylon – Staking DashboardBTC Staking Dashboardbtcstaking.testnet.babylonchain.io
Users can pledge Signet Bitcoin on the test network in two ways.
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Stake directly on Chakra Staking dApp
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Stake on the Babylon Staking dApp and select Chakra as Finality Provider
In either way, users can complete the interaction between two projects at the same time. Below we directly demonstrate the method of pledging in the official Babylon interface.
Open the staking URL above, select Chakra as Finality Provider, enter the pledge amount (0.0005 to 0.05 sBTC) and stake it.
After the pledge is successful, open the pledge history to view your pledge details.
When the transaction changes from “locked”, it means that the pledge is successful. The entire confirmation process may take up to 1 hour. Please be patient.
If the above error reporting interface appears, it means that the gas fee is currently high and your balance is not enough to pay the gas fee and the funds to be pledged.
The solution is to wait for the gas to drop, or get some test coins.
3. Complete the Babylon Galaxy Mission
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Before completing the Galaxy mission, if the user has not bound the sign address, he or she needs to complete the binding first.
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Open the above address, click Bitcoin Signet, and complete the sign address binding after signing.
After the binding is complete, your signet address will appear on the page.
There are currently two territorial water tasks in Chapter 0 tasks that require the user to fill in the transaction hash. If you purchased it directly, the same is true for the transaction hash when you purchased it.
The staked BTC test coin task in Chapter 1. If the limit is full and cannot be completed for the time being, you can wait for the subsequent test quota to be released.
The second one is to like, quote the latest tweet, and fill in the link, which can be the same as the link filled in chapter 0.
The third feedback is to directly go to the official DC feedback channel to leave a message, copy the message link and fill in the Galaxy.
The series of tasks in Chapter 2 are similar to the above. You can fill in the tweet address and the dc message address, and then wait for the pledge to be completed to complete all tasks.
4. Complete Chakra Galaxy Mission
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Chakra’s Galaxy mission phase 1 has been completed now, just participate in phase2 directly.
For BTC staking in Phase 2, as long as you follow the tutorial and choose Chakra as the Finality Provider when pledging, you can directly complete it. If the pledge amount has been used up, you need to wait for the next test to be enabled.
Summarize
The above is the entire operation process of Babylon + Chakra pledge activity, but since Babylon itself releases very little test quota, even if the second test of Test Network-4 is given 50 BTC, the pledge will be full in less than 5 hours.Now.
If you want to participate in this activity, it is recommended to refer to the tutorial first, collect the test coins in advance, wait for the new pledge test to be opened later, and complete the pledge activity as soon as possible.
