Binance Offers BTC Staking Through Babylon

The world’s largest centralized crypto exchange (CEX), Binance, introduced on-chain yields last week. Binance’s first supported offering went live on Dec. 8, allowing users to earn yield on their BTC holdings through the Bitcoin staking protocol, Babylon . Babylon features self-custodial capped staking pools for BTC, and boasts a total value locked (TVL) of nearly $3 billion across 40,000 unique stakers according to its dApp . Babylon’s cap-3, which opened on Dec. 10, will run for the next 1,000 blocks, likely equating to a seven-day window. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io