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Introducing Bitcoin staking: New opportunities for clients to earn yield on their BTC holdings
We’re excited to announce the launch of Bitcoin (BTC) staking through a new integration with Babylon, a Bitcoin-native staking protocol. This integration enables clients to earn passive rewards on their BTC without bridging, wrapping or lending it out. Beginning today, clients can choose to stake their BTC directly from Kraken. Their BTC is delegated, via Babylon, to secure Proof-of-Stake (PoS) networks. Staked Bitcoin rewards are paid in $BABY, Babylon’s native token. Clients retain full ownership of their BTC, which never leaves the Bitcoin blockchain. The staking mechanism is governed by a smart contract, so ... (full story)
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