#BinanceNews
Babylon Seeks Community Approval to Adjust Bitcoin Staking Fee Structure:
As reported by PANews, the Bitcoin staking protocol Babylon has unveiled a governance proposal on Platform X to update parameters within its Babylon Genesis chain. The key change outlined in the proposal is a reduction of the unstaking fee for Phase 2 from 100 satoshis per virtual byte (sats/vbyte) to 30 sats/vbyte. Community voting on the adjustment is now active and will remain open until 7:00 AM UTC on April 21, 2025.