News Report Technology
June 18, 2024

Babylon Gears Up To Launch Testnet-4 Cap 3 With Fee Adjustment Feature On June 19

In Brief

Babylon announced the upcoming launch of Cap 3 for its Babylon Bitcoin Staking Testnet-4, scheduled for 9 AM UTC on June 19th.

Babylon Gears Up To Launch Testnet-4 Cap 3 With Fee Adjustment Feature On June 19

Bitcoin staking protocol Babylon announced the upcoming launch of Cap 3 for its Babylon Bitcoin Staking Testnet-4, scheduled for 9 AM UTC on June 19th.

The cap will operate on a time-based schedule, allowing stake submissions for 5 days (120 hours) beginning at Signet BTC block height 200,665, starting at 9 AM UTC on June 19th. It will conclude after 720 blocks, reaching Signet BTC block height 201,385, around 9 AM UTC on June 24th.

Furthermore, Babylon has emphasized that it has incorporated a fee adjustment feature into its staking web decentralized application (dApp) based on community feedback. This feature enables stakers to customize the transaction fee, thereby enhancing the likelihood of their staking transactions being included in the Signet block.

Stakers have the flexibility to unbond and withdraw their stake at any time during the period of seven days. There is also a built-in maximum staking period of approximately one year and three months. If a stake remains active beyond this period, the staker can still withdraw it subsequently.

What Is Babylon? 

Babylon represents a blockchain initiative focused on crafting security-sharing protocols for the decentralized economy. Presently, it is actively developing protocols such as the Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. 

In the previous year, Babylon raised $18 million in funding from investors such as Polychain Capital and Hack VC. This funding was obtained through a mix of equity and token warrant rounds aimed at expediting project advancement.

Recently, the Web3 wallet Bitget Wallet integrated support for the Babylon Testnet-4 and initiated testnet staking activities through its Earning Center. This allows users to earn SBTC rewards and actively engage in the testnet staking process.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
MAS Clarifies Regulatory Regime For Digital Token Service Providers, Addressing Industry Concerns
Business News Report Technology
MAS Clarifies Regulatory Regime For Digital Token Service Providers, Addressing Industry Concerns
June 6, 2025
Anthropic Unveils Claude Gov: Specialized AI Models Developed For US National Security Use
News Report Technology
Anthropic Unveils Claude Gov: Specialized AI Models Developed For US National Security Use
June 6, 2025
EigenLayer Rolls Out Redistribution Feature, Allowing AVSs To Repurpose And Distribute Slashed Funds
News Report Technology
EigenLayer Rolls Out Redistribution Feature, Allowing AVSs To Repurpose And Distribute Slashed Funds
June 6, 2025
First Week Of June:  Binance Academy And Solana Spark Global Blockchain Growth
News Report Technology
First Week Of June:  Binance Academy And Solana Spark Global Blockchain Growth
June 6, 2025