Tag: Babylon

In a move that deepens institutional involvement in Bitcoin-native DeFi, Kraken has introduced a new staking service allowing users to earn a yield on their Bitcoin without moving it off the Bitcoin blockchain. Announced in a June 19 blog post, Kraken's latest offering is powered by Babylon’s smart contract-based infrastructure, ...

A massive unstaking event has rocked Babylon, a prominent Bitcoin staking protocol, leading to a staggering $1.26 billion worth of BTC being withdrawn and slashing its total value locked (TVL) by 32%. On April 17, blockchain analytics firm Lookonchain flagged four wallet addresses responsible for unstaking 14,929 BTC from Babylon. ...