Just a quick note. Not a financial advice. DYOR.
I’ve been hearing about Babylon, a Bitcoin staking protocol, and I was considering participating through pStake, a liquid staking protocol in the Cosmos ecosystem that now supports staking BTC on top of Babylon. There was even a campaign create by pStake called Bitcoin Rush to incentivize early users, which I thought would be a great opportunity.
My reasons for considering participation were twofold: it’s a new way to use my BTC and earn some yields, and being an early adopter of this technology is exciting.
However, after careful consideration, I decided to observe rather than participate. My main goal with my BTC is to store value, so I’m hesitant to risk it due to concerns about potential hacks or other possible unpredictable issues. If the protocol is successfully integrated into the ecosystem and proves reliable, I might reconsider joining the BTC stakers. But for now, I’ll take a wait-and-see approach.
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