Kraken Launches Bitcoin Staking Service
2025-06-20 11:01:56
Kraken has launched a Bitcoin staking service that integrates the DeFi protocol Babylon. Users can directly delegate BTC to support the PoS network and earn profits through Kraken, with an annualized rate of return of up to 1%. The mechanism does not involve cross-chain bridge, packaging or lending. BTC remains in the Bitcoin mainnet, and the user's own assets are guaranteed through the Taproot time lock mechanism. Rewards are paid in the Babylon native token BABY.
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