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Babylon Chain
Airdrop (Retrodrop)
Active
22 Aug 2024 - 01 Jun 2025
Babylonchain is a Bitcoin shared security protocol powered by the unique security approach of Bitcoin timestamping. It offers users the opportunity to earn yield through Bitcoin staking. Meanwhile, PoS networks can leverage this security power and benefit from Bitcoin timestamping by preventing long-range attacks on their networks.
On August 22nd, Babylon Labs launched its mainnet, allowing users to restake their Bitcoins directly from the platform or through multiple LST protocols and earn points. Our team believes this will be a key criterion for qualifying for a potential Babylon chain airdrop. Therefore, we decided to write a comprehensive guide on how to participate in the event.
CoinLaunch Score:
Last update:
High
27 Aug 2024
Babylon Chain - Airdrop (Retrodrop) Overview
start date:
22 Aug 2024
end date:
01 Jun 2025
Reward Distribution:
15 Jun
More about Babylon Chain
Reward
N/A
Winners:
N/A
How to join Babylon Chain - Airdrop (Retrodrop)?
Currently, the 1,000 BTC restaking cap has been reached, but the team promises to significantly increase the cap in the near future. Additionally, there are some requirements: a minimum of 0.005 BTC and a maximum of 0.05 BTC deposited per transaction.
Babylon crypto platform enables you to participate in the points farming campaign in two different ways: on the Bitcoin mainnet through manual restaking of $BTC on the platform, and through various LST protocols.
- Manual Bitcoin restaking through Babylonchain:
For the first option, you will need to acquire some BTC on any Bitcoin wallet supported by Babylonchain including OKX, OneKey, Bitget and Keystone web3 wallets. Afterwards, connect your wallet to the Babylon and obtain BTC on the Bitcoin mainnet, connect the wallet to the application, choose your validator, and restake your $BTC there.
The second option allows you to deposit $BTC into the protocol through multiple LST protocols and earn airdrops not only from Babylonchain restaking platform but also from those LST protocols across multiple EVM blockchain networks. While we can’t cover all Bitcoin restaking routes for Babyloan, here are some of the most effective ones:
- Solv Protocol + Babylonchain + Fuel Network + Ignition BTC:
$FBTC is a multichain asset representing Bitcoin at a 1:1 ratio, while Solv Protocol is a Bitcoin LST, both currently running point farming campaigns.
To proceed with this staking route, first acquire some $WBTC on the Ethereum blockchain and swap it for $FBTC tokens on Uniswap. Then, restake $FBTC on Solv Protocol to receive $SolvBTC. Next, contribute $SolvBTC into the Babylonchain vault in exchange for $SolvBTC.BBN, and deposit the LST into the Fuel Network.
By following this route, you can earn SolvBTC points + Babylonchain points + Fuel Network points + FBTC points.
- Bedrock + Babylonchain + Ignition BTC:
Bedrock is another multichain LST protocol for $ETH and $BTC. By participating in this restaking route, you can earn Bedrock points + Babylonchain points + Ignition points + LP APR not only across Ethereum but also on Mantle blockchain.
To proceed, acquire $BTC on any supported blockchain, contribute the tokens, and receive back LST, which can be used across DeFi protocols to earn additional APR.
- Solv Protocol + Babylonchain:
In addition to restaking $BTC with Solv Protocol on the Ethereum mainnet, you also have the option to contribute funds across BNB, Arbitrum, and Merlin networks, significantly saving on fees compared to the Ethereum restaking route. However, the Fuel Network doesn’t support pre-deposits on networks other than Ethereum, so the choice of route is up to you.
To participate, acquire Bitcoins on any network available for deposit, receive $SolvBTC tokens in return, and contribute them to the Babylonchain pool to earn Solv Protocol points + Babylonchain points.
Furthermore, note that if staking BTC on Mantle through $FBTC, you will be also eligible for Ingition points.
- More staking protocols:
Babylonchain’s ecosystem of LRTs, consists of over 7 various protocols, but most of them are still under construction. Hence. We recommend you to DYOR on its ecosystem and when some new platforms release public restaking pools, join them as well.
Soon, we will also add profile reviews of the most promising platforms related to Babylonchain Bitcoin staking protocol on the website so keep an eye for updates.
Good Luck!
Step-by-step Guide
Acquire some $BTC on Bitcoin or EVM networks supported by Solv and Bedrock;
Wait until the Babylonchain raise staking caps;
Restake Bitcoins on Babylon manually;
Alternatively, restake Bitcoins via LRT protocols using our guide in “how to participate” block;
Continue to farm points on the platform until the TGE announcement;
Get your rewards.
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