Kinza Finance taps into Babylon Protocol to power BTC staking, building the liquidity hub for LRTs
Summary
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. 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. 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.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.Babylon is a pioneering project designing Bitcoin security-sharing protocols to build a Bitcoin-secured decentralized world.