Odaily News Cobo, a digital asset custody and wallet technology provider, announced that it has launched the asset pledge application Staking on the Cobo Portal app store. Institutional users and large miners can complete Babylon's BTC pledge in a one-stop self-service manner. In the first two BTC pledge activities of the first phase of Babylon, Cobo Cap-1 pledged more than 700 BTC (accounting for more than 70%) and Cap-2 pledged more than 4,160 BTC, all of which were successfully completed through Cobo's technical solutions. Institutional custody users and large miners can then participate in Babylon's third phase of BTC self-service pledge through the Staking application of Cobo Portal, and the custody fees for users participating in Babylon Phase III will be waived for the current period.