Kraken users will now be able to stake their bitcoin directly, locking it in a custodial vault on the native chain.
With more value tied up in BTC than every other cryptocurrency in existence combined, Babylon is aiming to channel this into the wider crypto ecosystem
Babylon Bitcoin stakers will receive 6% of BABY's 10 billion supply as a reward for early participation.
Babylon, developer of the largest BTC staking protocol, is teaming up with Bitcoin developers Fiamma to build a trust-minimized bridge using BitVM2
Lombard Finance aims to produce a yield-bearing bitcoin token, and potentially unleash a new wave of liquidity into the DeFi ecosystem.
It will be among the first tokens to launch on Hyperliquid, a layer-1 network specializing in trading.
The integration allows BOB, a "hybrid L2," to use Bitcoin as its anchor chain where transactions with assets from other chains can be irreversibly recorded.
As a significant third native use case for bitcoin, staking will increase bitcoin’s impact on the world's stage.
Babylon co-founder and chief technology officer Fisher Yu said DeFi on Bitcoin can evolve faster than other ecosystems by learning from the mistakes of the broader DeFi space.
It’s been a banner year for Babylon, the staking protocol co-founded by Tse.
Total value locked on decentralized finance protocols is up nearly 150% so far this year.
Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.
Crypto infrastructure projects led the way in attracting venture capital with major infra projects raising a combined $685 million in new capital in Q2.