Staked bitcoin contributes to securing Babylon’s proof-of-stake (PoS) supercharged networks, with rewards paid in BABY tokens. Kraken handles the process end-to-end, ensuring ease and security for users while opening the door to potential future rewards from other networks in the Babylon ecosystem. Presently, the total value locked (TVL) held by Babylon, according to defillama.com stats, is $4.956 billion. This makes the protocol the largest Bitcoin-centric decentralized finance (DeFi) application in terms of TVL.

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