We are excited to announce the launch of Chakra's Bitcoin Pre-Staking Pool for Babylon on August 15, 2024!

Through the Chakra staking dApp, you can now pre-stake native BTC with no staking limits and earn dual rewards: Chakra Pranas and future Babylon staking yields. This milestone is a crucial step in our mission to unlock Bitcoin's full potential across the crypto ecosystem.

Start pre-staking here: app.chakrachain.io

Bitcoin Pre-Staking Pool is Live

The launch of our Bitcoin Pre-Staking Pool is a significant milestone in our journey to unlock Bitcoin’s liquidity and value. This feature enables users to pre-stake native BTC on Chakra with as little as 0.0001 BTC, with no maximum limit, ahead of the Babylon Mainnet launch.

Your pre-staked BTC is transferred to a secure, multi-signature vault jointly controlled by Chakra and other trusted entities, ensuring the safety of your funds. Once Babylon Mainnet goes live, Chakra will delegate the staked BTC to Babylon. Note that Babylon may impose limits on BTC staking during the mainnet phase, with a first-come, first-served policy. Chakra will work to delegate staked BTC before these limits are reached.

Yields, Fees, and Withdrawal

When Babylon's security-sharing solution launches, Chakra will stake as much BTC as possible, with all yields passed directly to users.

Babylon staking rewards will be claimable once the Babylon Mainnet is live and Chakra’s staked assets on Babylon begins generating yields, proportional to the amount of BTC staked. Chakra charges no additional fees—only transaction fees apply for staking into Chakra and Babylon. Gas fees for staking BTC to Babylon will be deducted from rewards upon claiming.

Note that withdrawals are currently unavailable as they depend on Babylon’s requirements, including a lock-up period for BTC staking. Stay updated by following Chakra on X.

Boost Your Chakra Pranas

In addition to Babylon staking rewards, Chakra Pranas offer an additional yield source, awarded based on the amount and duration of staked assets. You will earn 1 Chakra Prana for every 0.0001 BTC staked per day. Pranas are refreshed daily via snapshots in the Chakra staking dApp.

Wondering how to boost your Chakra Pranas? Here’s how:

• Complete Social Media Tasks: Follow Chakra on X, join our Discord, and Telegram to receive a 10% boost on Chakra Pranas. Be sure to verify your tasks by connecting your social accounts.

• Participate in Joint Marketing Campaigns: Earn bonus Chakra Pranas during collaborative campaigns with other projects—boosts are subject to specific campaign details.

Additionally, referring friends will earn you a 10% bonus on their Pranas, without affecting their earnings.

Note:* Prana boosts are cumulative, but each category can only be credited once at a time. Boosts from joint marketing campaigns may be valid for a limited period, depending on campaign rules.*

Important Update for Previous Stakers

Please note that our Bitcoin Pre-Staking Pool currently supports pre-staking on the BTC mainnet only. As a result, only BTC Mainnet pre-staking transactions will appear in your staking history. To view your previous BTCB staking transactions, please visit:

https://app.chakrachain.io/depositHistory.

If you have overflow transactions from the previous campaign, you can transfer them to Chakra’s Bitcoin Pre-Staking Pool for Babylon or withdraw when possible. We recommend transferring, as it’s free and ensures you continue earning rewards on Babylon Mainnet, plus Chakra Prana rewards once your assets are in the new pool. To initiate the transfer, please use the link above.

The future of Bitcoin is here—take the first leap with Chakra.