BTC Staking, powered by Babylon, allows you to earn rewards on your Bitcoin (BTC) by contributing to cryptoeconomic security of Bitcoin Supercharged Networks on the Babylon protocol.
Eligibility requirements:
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Babylon BTC staking is only available in the United States (excluding - California, Maine, Maryland, New Jersey, New York, Washington, Wisconsin), the United Kingdom, Australia and the United Arab Emirates (UAE).
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You need to have BTC in your spot or staked balance.
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If BTC Staking is not showing as an option on your account, you may not be eligible.
To enable BTC Staking on Kraken follow instructions please see our support article.
BTC Staking generates rewards in BABY (Babylon’s native token). As Babylon onboards additional Bitcoin Supercharged Networks, you may receive other reward assets as well. Rewards accrue daily and are paid out weekly. See our support article for more details on tokens and reward rates.
BTC staking includes an unbonding time before your BTC is unlocked and can be used again.
(a) Bonding time for staking is instant.
(b) Unbonding time for staking is a minimum of 7 days.
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When you unstake your assets, they will be locked during an unbonding or escrow period. During this time, you won't earn rewards, and the value of your assets could change due to market fluctuations or other factors.
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Rewards are not guaranteed. Changes in the blockchain or network may reduce or eliminate future rewards.
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Staking can be vulnerable to hacks, payment defaults, or "slashing" (loss of staked funds due to errors or malicious actions).
Please refer to our support article for more details.