published<\/a> in a June 19 blog post, positions Kraken alongside a growing wave of institutions leveraging Babylon\u2019s staking infrastructure. Kraken customers can now use Babylon\u2019s protocol to assign their Bitcoin (BTC) to proof-of-stake blockchains while still keeping complete ownership of their assets.<\/p>\nKraken\u2019s strategy avoids the trade-offs associated with traditional staking solutions, which often require wrapping or bridging Bitcoin to other networks. The underlying Bitcoin is never lent out or rehypothecated. Instead, it stays on the Bitcoin blockchain.<\/p>\n
Through Babylon\u2019s smart contract-based delegation mechanism, staked assets help to secure PoS networks. In return, users receive rewards in BABY, Babylon\u2019s native token. The service features a seven-day unbonding period, transparent reward tracking, and cryptographic penalties for bad actors.<\/p>\n
<\/p>\n
Kraken\u2019s global head of consumer, Mark Greenberg, described the launch as an opportunity to put idle BTC to productive use. \u201cA substantial amount of Bitcoin currently sits idle on our exchange,\u201d he said. \u201cClients can now earn a return while strengthening the infrastructure of emerging PoS blockchains.\u201d<\/p>\n
Kraken joins other platforms like Binance and BitGo that have embraced Babylon\u2019s infrastructure to offer native Bitcoin yield opportunities.\u00a0 Over 57,000 BTC, worth over $5.6 billion, have already been staked on Babylon\u2019s Genesis mainnet since it launched in April 2025, demonstrating growing institutional interest in Bitcoin-native decentralized finance protocols.<\/p>\n
Until now, less than 1% of Bitcoin\u2019s total supply is involved in DeFi, primarily due to the technical complexity and security risks of bridging BTC to other chains. By enabling trustless delegation from Bitcoin to PoS networks, Babylon\u2019s approach reduces those frictions while extending BTC\u2019s utility in the broader crypto ecosystem.<\/p>\n
Kraken\u2019s new staking service is now live across all interfaces, including Kraken Pro. Staking yields up to 1% APR, with weekly BABY rewards, though rates may vary. The company noted that staking involves risk and is subject to regional restrictions. BABY token prices climbed nearly 5% decentralized finance Kraken\u2019s announcement but has since cooled.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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