The post Kraken Adds Native BTC Staking via Babylon with 1% APY appeared on BitcoinEthereumNews.com.

Kraken launches native BTC staking with Babylon, offering 1% APY rewards. Users stake Bitcoin without wrapping, bridging, ensuring full control. Staked BTC secures PoS chains, rewards paid in Babylon’s $BABY token. Kraken has introduced a new way for users to earn rewards on their Bitcoin holdings. By partnering with the decentralized finance (DeFi) protocol Babylon, Kraken has added native BTC staking up to 1% annual percentage yield (APY). The new feature enables individuals to do the staking of their bitcoins without wrapping, bridging or lending processes. Kraken Secures BTC for PoS Chains Without Wrapping or Bridging First of all, this service can be used by people in the United States (with the exception of some states), the United Kingdom, Australia,, and the United Arab Emirates. It offers a safe and easy process through which to attain passive income on Bitcoin. Direct staking through Kraken is allowed whereby the BTC of the posts is also time-locked to sustain Babylon-enabled proof-of-stake (PoS) blockchains. The users in turn are rewarded the staking rewards on making the staking deals, which is in the entity named Babylon and is their native token named BABY. In the new feature, Kraken does not debit Bitcoin into its blockchain unlike in traditional staking. Rather, it stores the BTC in a vault under smart contracts of the Bitcoin itself. The trapped BTC is then subjected to financing the chains using the Babylon protocol. This makes the Bitcoin secure, clear and at the same time helps in the development of emerging blockchains. The CEO of Kraken, Global Head of Consumer, Mark Greenberg, mentioned that there is a great amount of Bitcoin idle on the site. He observed that this dead BTC is a lost opportunity to the users and the general cryptocurrency market. The release of native BTC staking allows…

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Filed under: News - @ June 21, 2025 2:24 am