Kinza Finance, an innovative DeFi protocol incubated by Binance Labs, has integrated with Babylon Protocol to enhance liquidity for emerging BTC liquid restaking tokens (LRTs). Following a successful fundraising round with an $80M valuation, led by Mirana, Emirates Consortium, and GTS Ventures, Kinza Finance has launched its own liquid restaking token, kBTC, and will support all BTC LRTs through its money market. By leveraging Babylon’s Bitcoin staking protocol, Kinza Finance offers Bitcoin holders new yield opportunities through staking rewards and access to DeFi via its lending platform.
The Babylon bitcoin staking mainnet successful first stage launch in August, 2024, was a pivotal moment in DeFi, as they made significant progress on their mission to contribute to a more secure and decentralized world. Babylon Chain’s Bitcoin staking protocol allows the vast capital held in Bitcoin to secure Proof of Stake (PoS) systems while generating returns for stakers.
Kinza’s Bitcoin staking offers an accessible gateway for Bitcoin holders to enter the DeFi space while maintaining liquidity. Users can stake BTC on Kinza and receive kBTC, a multichain asset distributed 1:1 on their preferred network. With BTC securely staked and earning rewards, including PoS validator incentives, kBTC can be used for lending, borrowing, and other DeFi activities on the Kinza platform. As LRT projects continue to emerge across chains, Kinza Lending is becoming a critical infrastructure in DeFi, serving as a powerful and sustainable liquidity hub for these innovative assets.
Bitcoin staking represents a significant milestone in the evolution of cryptocurrency investing and self-custody. BTC Liquid Staking unlocks dormant Bitcoin value to strengthen PoS chain security, while providing a seamless entry point for BTC holders into DeFi and lending. With its robust ecosystem supporting Liquid Staking tokens across chains, Kinza is cementing its position as a pioneer in Bitcoin staking and key contributor to DeFi innovation and security in the decentralized economy.
For more information about Kinza Finance and Babylon Chain, please visit https://kinza.finance and https://babylonchain.io.
About Kinza
Kinza Finance is a leading DeFi ecosystem incubated by Binance Labs, offering accessible, innovative, and secure financial solutions centered around its lending protocol, the primary DeFi liquidity hub for LST, LRT, and RWA tokens. Kinza Finance operates on BNB, opBNB, Ethereum, and Mantle networks, and is backed by Binance Labs, Mirana, Emirates Consortium, and GTS Ventures.
About Babylon Chain
Babylon is a pioneering project designing Bitcoin security-sharing protocols to build a Bitcoin-secured decentralized world. Its latest innovation is the world’s first trustless and self-custodial Bitcoin staking protocol, enabling Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems, including PoS chains, L2s, and Data Availability (DA) layers, earning yield without relying on third-party custody, bridges, or wrapping services.