Cobo Integrates Babylon Protocol-based BTC Staking API
CryptoNewsTerminal Staff20 May, 2024
Cobo Integrates Babylon Protocol-based BTC Staking API
Cobo, a popular crypto custody and asset management platform, has integrated an API function based on the Babylon Protocol for Bitcoin (BTC) staking. With the latest integration, Cobo users can utilize the Babylon-based BTC staking API from their MPC custody wallets. Users can leverage this integration to stake their BTC and earn rewards effortlessly. The response to the relevant API call includes information such as staking ID, coin, decimals, amount, reward coin, reward coin decimals, reward amount, and product information. The Babylon Protocol, renowned for its unique Proof-of-Work (PoW) consensus mechanism, offers a novel approach to BTC staking, enabling users to earn rewards by contributing to the security and stability of the network. Cobo's integration of the Babylon Protocol-based BTC staking API provides users with a seamless and secure way to participate in the staking process. Users can effortlessly stake their BTC, monitor their rewards, and manage their staked assets directly from their MPC custody wallets. This integration further expands Cobo's product offerings and reinforces its commitment to providing robust and innovative financial services to its customers.
