# Bitcoin Staking

*Bitcoin Staking Has Arrived! *

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-08-27

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Babylon just launched its Bitcoin staking on a self-custodial mainnet, and it's already a hit! Over 12,710 stakers have jumped in, locking up 1,000 BTC and causing transaction fees to soar to $132.

With $70M in funding and support from big names like Paradigm, Babylon is set to transform Bitcoin into a key player for Proof-of-Stake chains. No middlemen, no wrapping—just pure $BTC earning rewards and boosting security.

This is Bitcoin’s next big leap: staking, earning, and integrating with DeFi like never before!

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/bitcoin-staking)*