PANews reported on September 30th that Bitcoin staking has launched on Starknet, a platform the project claims is the first trustless Bitcoin staking platform to be implemented on a Layer 2 network. Holders retain custody of their assets while earning rewards and contributing to network consensus. Starknet describes this as a "Bitcoin strategy for veteran Bitcoiners." This initiative does not alter Bitcoin's base layer, but rather relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated and staked on Starknet. At the same time, the Starknet Foundation will allocate 100 million STRK (US$12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, making Starknet the most cost-effective place to use Bitcoin as collateral and implement yield-generating strategies. Furthermore, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, it will generate returns directly in Bitcoin. The fund will be tokenized to facilitate wider investor participation.PANews reported on September 30th that Bitcoin staking has launched on Starknet, a platform the project claims is the first trustless Bitcoin staking platform to be implemented on a Layer 2 network. Holders retain custody of their assets while earning rewards and contributing to network consensus. Starknet describes this as a "Bitcoin strategy for veteran Bitcoiners." This initiative does not alter Bitcoin's base layer, but rather relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated and staked on Starknet. At the same time, the Starknet Foundation will allocate 100 million STRK (US$12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, making Starknet the most cost-effective place to use Bitcoin as collateral and implement yield-generating strategies. Furthermore, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, it will generate returns directly in Bitcoin. The fund will be tokenized to facilitate wider investor participation.
Starknet Launches Bitcoin Staking and Yield Products in BTCFi Expansion
PANews reported on September 30th that Bitcoin staking has launched on Starknet, a platform the project claims is the first trustless Bitcoin staking platform to be implemented on a Layer 2 network. Holders retain custody of their assets while earning rewards and contributing to network consensus. Starknet describes this as a "Bitcoin strategy for veteran Bitcoiners." This initiative does not alter Bitcoin's base layer, but rather relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated and staked on Starknet.
At the same time, the Starknet Foundation will allocate 100 million STRK (US$12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, making Starknet the most cost-effective place to use Bitcoin as collateral and implement yield-generating strategies. Furthermore, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, it will generate returns directly in Bitcoin. The fund will be tokenized to facilitate wider investor participation.
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