Recently, BTC holders have gained a new earning option. A leading exchange has teamed up with Babylon, a well-known BTC staking protocol, to launch a staking campaign where users can stake BTC to earn BABY tokens. Depending on the lock-up period, the annualized yield varies in tiers—90 days locks in at 2.5%, 60 days drops to 2.1%, and 30 days is 1.8%.

For BTC holders, the emergence of such staking schemes breaks the long-standing "HODL without returns" situation. Babylon, as a staking protocol focused on the BTC ecosystem, essentially provides more flexible asset utilization for the Bitcoin network. What's even more interesting is that they are also collaborating with a major lending protocol to build a more complete DeFi infrastructure around native BTC. This cross-protocol collaboration reflects, to some extent, the deepening of the entire ecosystem—from a single trading function gradually evolving into a multi-layered financial service closed loop.