TechFlow news: Cobo, a digital asset custody and wallet technology provider, announced the launch of its Staking application on the Cobo Portal app store, enabling institutional users and large miners to complete Babylon's BTC staking seamlessly through a self-service platform.
Cobo demonstrated strong performance during the first two phases of Babylon’s initial BTC staking campaigns: it contributed over 700 BTC (accounting for more than 70%) in Cap-1 and over 4,160 BTC in Cap-2, both successfully executed via Cobo's technical solution.
Institutional custody clients and major miners will be able to participate in Babylon's third-phase BTC self-staking through the Staking application on Cobo Portal, backed by Cobo’s robust risk control mechanisms providing comprehensive security protection. Cobo stated that it will waive custody fees for users participating in Babylon Phase 3 for the current period.
