The Pell Babylon Vault is a platform that allows users to stake their BTC across multiple chains in preparation for the upcoming Babylon launch and get multiple rewards at the same time.

When you stake BTC to Pell Babylon Vault, you can earn Pell points, rewards from liquidity staking partners(like Bedrock Diamonds), chain rewards(like Bitlayer Points), and future babylon rewards(when babylon mainnet launches). Enjoy multiple rewards with a single stake.

Bedrock is a multi-asset liquid restaking protocol, backed by the best investors, including OKX Ventures and Babylon cofounder. As a liquid staking pioneer, Bedrock brings high yield and institutional-grade security to the community through uniBTC built on Babylon, uniETH built on Eigenlayer, and uniIOTX built on IoTeX.

uniBTC represents the staked wBTC plus all future staking rewards and accrual of Babylon staking rewards and Bedrock diamonds. 1 uniBTC always equals 1 wBTC.

Yes, stakers can unstake from Pell at anytime with 7 days withdrawal delay to get uniBTC.The staking period for uniBTC is dependent on the Babylon blockchain; there will be a lock period for BTC staking recognized by the Babylon network. However, uniBTC can also be sold and traded on various DEXs and CEXs if there is liquidity available for the trade, and can be used to provide liquidity to earn additional yield.

Pell and Pell's partners unlock the staking rewards from Babylon for wBTC/BTC users across Ethereum, bitlayer, BNB Chain, and Merlin Chain, providing a unified entry point and multiple rewards at the same time and maximizing yield potential while maintaining liquidity. BTC holders don’t need to redeem their wBTC back to BTC. Additionally, when restaking on Ethereum or layer2 chains, everything is guarded in a smart contract that is audited by multiple security firms.

When you stake BTC or WBTC to Pell, Pell's smart contract will automatically stake the BTC/WBTC into Bedrock staking vault to mint uniBTC, and then uniBTC will be restaked to Pell restaking vault. You can get the rewards from pell, bedrock, and certain chain according to the period the assets are staked. When Babylon mainnet launches in the future, Bedrock will stake BTC to Babylon and distribute rewards to the stakers.