The Staking app supports staking BTC (Babylon) and ETH (Beacon Chain) within MPC Wallets in Organization-Controlled Vaults and Web3 Wallets. For ETH, assets are automatically transferred to your Withdrawal Address after unstaking, so no further withdrawal action is needed. The following documentation covers BTC withdrawal for Babylon only.

Babylon offers two methods to withdraw assets:

  • Early unstaking: You need to unstake (officially referred to as unbond by Babylon) first and then withdraw.
  • Natural expiration: You can directly withdraw your assets without the need to unstake first.

Follow these steps to withdraw assets.

Prerequisite 1: You have unstaked BTC or BTC that has naturally expired in an MPC Wallet in an Organization-Controlled Vault or in a Web3 Wallet. The wallet has not been moved out of Wallet Scopes accessible by Staking.
Prerequisite 2: You need to have the Staker role to withdraw assets.
  1. Click the Apps icon on Cobo Portal, find Staking, then click Open to open Staking.

  2. Click View under Actions in the row for Babylon.

  3. Click Withdraw in the row of the staking position from which you want to withdraw. The Withdraw button appears only in the rows of the staking positions with the status Withdrawable.

  4. Review the information in the pop-up window. Select a receiving wallet. For Network Fee, select from Slow, Standard, and Fast. You can also customize your fee rate by clicking The customize fee icon.

  5. Click Submit. You need to have sufficient balance for the network fee to submit the transaction.

  6. In the Withdrawal Request Submitted window, click Staking Activity to go to the staking details page.

  7. On the staking details page, you can find the following updates.

    • Under Staking Positions, the Position Status is updated to Withdrawal in Progress.
      • If the withdrawal succeeds, the Position Status will become Closed. The assets are transferred back to your wallet.
      • If the withdrawal fails, the Position Status will change back to Withdrawable, and the Withdraw button will appear under Actions.
    • Under Activity, a record is created, and its Activity Status is Processing. If the withdrawl request is rejected by risk control policies or signers, the status will be Failed; otherwise, it stays as Processing. When the transaction goes on-chain, the status will be Success.
      Withdrawal does not require confirmation from Babylon.
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