bitcoin staking is meaningless imo

januszgrze

I was going to ask if you had an opinion about Kraken's recent introduction of bitcoin staking, but then I saw [this on their website](https://www.kraken.com/features/staking/bitcoin):

> Stake your BTC and earn up to 1% in $BABY - without bridging or giving up custody of your Bitcoin. BTC staking on Kraken is powered by the Babylon protocol, which helps secure Proof of Stake networks and rewards you in $BABY, Babylon’s native token as well as other tokens as more networks go live.

I wondered what was going on there. Thanks for the explainer!