Bulletin

December 2024

Crypto 101

The third cap of Babylon Bitcoin staking mainnet Phase-1 is scheduled to open on December 10th, 2024, around 11 AM UTC. It will run for 1000 BTC blocks (approximately one week) offering a unique opportunity to try it.

You can participate in this cap by delegating BTC to Kiln through multiple platforms:

  • NEW: Kiln now enables BTC staking via Fireblocks' API for secure, seamless transactions. ⚠️ Note: Fireblocks doesn’t yet support Schnorr signatures but this is coming in Q1.
  • Staking Rewards via OKX Wallet
  • Babylon Dashboard via Foredefi
  • Anchorage & Cobo will also support Babylon—contact your account manager for details

If you have any questions, feel free to contact our support team. We’ll also offer Babylon LST support, including for Lombard, for interested customers.

When you first hear about Bitcoin staking, you might assume there's a mistake, given Bitcoin's Proof of Work mechanism. However, Bitcoin staking is now a reality. For instance during its most recent cap, Babylon successfully facilitated the staking of 23,889.6255 BTC.

To help you navigate this new innovation, we've launched a new podcast series, starting with an interview with David Tse, Founder of Babylon, who introduced this concept back in 2023.

Be sure to join us for the second episode, featuring Brendon Sedo, Initial Contributor at Core, which will be released later today.

Want to understand the innovative worlds of Babylon and Core in a snap? We've created 1-pagers to give you a quick and comprehensive overview of these projects.

Announcement

Kiln reaches $10B AUS milestone in November

We're excited to share that we've reached an all-time high of $10B+ in assets staked through Kiln’s technology—marking an impressive 190% year-over-year growth as of mid-November, and we're already at $11.5B.

This milestone reflects the strong support and confidence from our partners, and it's just the beginning of our journey. Thank you for your trust!

Crypto 101

Preparing for BGT staking

Looking to dive into the world of Berachain and explore the benefits of its unique Proof-of-Liquidity consensus mechanism? You're in the right place! Our staking guide will walk you through the simple process of staking BGT with Kiln.

Berachain is a pioneering Layer 1 blockchain that introduces the innovative Proof-of-Liquidity consensus mechanism. Unlike traditional Proof-of-Stake, PoL incentivizes active liquidity provision, creating a more dynamic and robust network.

Ready to begin? Follow our quick and easy step-by-step guide to stake BGT!

Protocols

Expanding
Kiln’s protocol coverage

We are happy to announce the expansion of our supported protocols, now including Starknet and Thorchain.

This expanded offering allows users to stake their assets on a wider range of blockchain networks and earn rewards for participating in network security.

We hope you enjoyed Devcon events as much as we did, with great talks on Beam Chain, ZK, and Account Abstraction. If you missed it, Laszlo spoke at WalletCon about how Kiln DeFi enables wallets to interact with 12+ DeFi protocols and 9 stablecoins. Check it out!

Thank you for reading,

Marie, Head of Marketing

If you want to discover more web3 content, visit our blog or follow-us:

Democratising value
creation in digital assets

Kiln, 14 Av. Trudaine, 75009, Paris, France

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