Starknet Launches Bitcoin Staking And STRK Fund

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4245B6
BTC+2.86%
STRK+4.81%

Layer2 network Starknet has announced several new initiatives, including Bitcoin staking and a 100 million STRK incentive program. Other initiatives include an institutional-grade BTC yield product. 

Staking allows holders to stake their BTC on Starknet without relinquishing custody and earn rewards while contributing to the network’s security. 

Bitcoin Staking Is Live On Starknet 

Starknet has officially launched Bitcoin staking, along with a 100 million STRK fund to boost the BTCFi ecosystem. The project describes its Bitcoin staking initiative as the first trustless way BTC can be staked on a Layer 2 network. The initiative allows holders to earn rewards while maintaining custody of their assets, and helps secure the network. 

“Bitcoin doesn’t change. But what you can do with it is just what you did. From the June 2024 announcement that Starknet would scale Bitcoin to the product rollouts of March 2025, the path has been clear. BTCFi on...

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