Staking
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      How to Stake/UnStake/Redeem Bitcoin on Babylon via Hex Safe

      Stake BTC

      1. Navigate to Staking:

        • Go to the Staking section in Hex Safe.

      2. Select BTC:

        • Choose Bitcoin (BTC) and click “Stake now”.

      3. Read Description:

        • Review the staking information and click Continue.

      4. Select Vault:

        • Choose the Vault you wish to stake from and click Continue.

      5. Accept Terms and Conditions:

        • Carefully read, understand, and accept the terms.

      6. Enter Stake Details:

        • Input the amount of BTC you wish to stake.
        • Specify the duration in BTC blocks*
          • The staking duration is currently fixed at 64,000 blocks (approximately 15 months), and you can unstake (unbond) at any time.*

      7. Authenticate via Hex Safe Mobile App:

        • Confirm the staking transaction on the Hex Safe Mobile App.
        • Ensure the transaction details match before approving.

      8. Approve Transaction:

        • Users with the Approver role must finalize the transaction in the Hex Safe Mobile App.

      *you can unstake your BTC on demand, at any time before its 64,000-block (~15 months) expiration. However, there will be an on-chain unstaking period of 1,008 Bitcoin blocks (~7 days) before you can redeem your BTC.


      Unstake BTC before duration expires

      1. Unstake:

        • Navigate to the Staking section in Hex Safe.
        • Locate your active staking position and click the “...” button.
        • Select “Unstake”.

      2. Confirm Unstake Details:

        • Verify asset, network, vault, and other details on the confirmation screen.
        • Click Continue.

      3. Choose a Validator:

        • Select the  staking position that you wish to unstake.

      4. Review and Confirm:

        • Double-check the transaction details and click Confirm Unstake.

      5. Authenticate and Approve:

        • Confirm the transaction via the Hex Safe Mobile App.
        • Users with the Approver role must finalize the transaction.


      Redeem UnStaked (Unbonded) BTC

      1. Access Staking Positions:

        • Go to the Staking section in Hex Safe.

      2. Locate Position:

        • Find the staking position you want to redeem.

      3. Initiate Redemption:

        • Click the “...” button next to the position and select “Redeem”.

      4. Confirm Redeem Details:

        • Verify asset, network, and vault details.
        • Click Confirm.

      5. Authenticate and Approve:

        • Use the Hex Safe Mobile App to confirm the transaction.
        • Users with the Approver role must approve the redemption.

      Once redeemed, the unstaked BTC will be accessible in your Vault.