⚖️Bitcoin Staking

Bitcoin Staking

Soft-Launch

Kinza Bitcoin staking has soft-launched at https://app.kinza.finance/#/btc *Please note that until Babylon mainnet is launched, unstaking is not currently supported.

Kinza Finance Liquid Bitcoin Staking

Bitcoin staking frees up trillions of dollars to protect Proof of Stake chains, and gives BTC holders a new source of income with potential yield from future rewards, as well as borrowing, lending, and other DeFi opportunities. Kinza's native BTC LRT supports native BTC staking via Babylon, and serves as an accessible gateway for BTC stakers to enter the DeFi field. Users can maintain liquidity during the staking period by automatically receiving kBTC (minus fees) equivalent to staked BTC on the connected wallet on a user-preferred network. Kinza will stake deposited BTC on Kinza Finance via the Babylon protocol, giving end users returns in the way of potential Babylon Token, Finality Provider airdrops, Kinza Points, etc., while having liquidity to lend, borrow, and invest with maximal capital efficiency.

Security

Kinza Finance has always placed a strong priority on security for a stable, sustainable, and robust ecosystem of products. Kinza lending protocol offers innovative security features that keep our Dapps and users steps ahead of bad actors. We maintain security with a zero incident track record through consistent audits, and strong security partnerships. This includes our partnership with Chainalysis, B Protocol, Hackenproof, and audit partners. Kinza Bitcoin liquid staking is no different. With security as our priority, we have partnered with Cobo and Coincover to assist in securing Bitcoin staked on Kinza Finance. We utilize Cobo's Multi-Party-Computed wallet mechanism to ensure secure custody of staked Bitcoin jointly managed by Kinza, Cobo, and Coincover.

We will evolve our practices to remain on the cutting edge of DeFi security, so our users can continue to rest assured rock-solid security measures back their deposits.

Babylon Chain powers Kinza Finance Bitcoin staking. Babylon recently raised $70M to help realize their pioneering Bitcion staking mechanism. Their architecture and protocol has been developed with high-level precision and emphasis on security. To read more about Babylon, head over to their documentation.

Using kBTC

After you have successfully staked BTC and received kBTC, you can now use kBTC for lending and borrowing on Kinza Finance to put your capital to work while simultaneously earning staking rewards. Explore the Lending & Borrowing resources with the link below to learn more about Kinza Lending to get started.

Lending & Borrowing