šŸ—³ļø The vote on Bitcoin staking in @Starknet (SNIP 31) is live! Soon you’ll be able to lock $BTC on Starknet and earn staking rewards in $STRK. How it works šŸ‘‡
🚨The SNIP-31 vote is officially open! This proposal defines how BTC staking works on Starknet, from BTC Staking power Weight to wrappers to governance. A huge milestone, built on rigorous research. Cast your vote now šŸ‘‡
@Starknet 1ļøāƒ£ Supports a curated list of tokenized $BTC (ā€œwrappersā€) for direct staking 2ļøāƒ£ No dependency on $STRK/$BTC exchange rate for consensus or minting
@Starknet šŸ“Š Staking economics Rewards & staking pools ($BTC + $STRK) follow market dynamics for a fair, unified, flexible framework
@Starknet šŸ”Ž Key parameters 1ļøāƒ£ $BTC consensus weight: 25% 2ļøāƒ£ $BTC rewards added via extra inflation ($STRK APR stays the same)
@Starknet Initial wrappers šŸ¤” → $WBTC (BitGo) → $LBTC (Lombard) → $tBTC (Threshold) → $SolvBTC (Solv) āž”ļø Final list depends on technical readiness & Monetary Committee
@Starknet šŸ—³ļøĀ  Governance To add new wrappers: āœ… Community voteĀ  āœ… Onchain activation by Monetary Committee āœ… Evaluation of reputation, market & security
@Starknet This vote ratifies SNIP 31 and opens the door to $BTC staking on @StarknetĀ  šŸ—³ļø If you hold $BTC or $STRK, you need to vote šŸ‘‡
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