#Starknet Launches
$BTC Staking With 100M
$STRK Incentive Program
$BTC holders can now stake
$BTC on Starknet without surrendering custody, earning rewards while contributing to the #layer-2 network's security. The Starknet Foundation is backing this #BTCFi rollout with 100 million
$STRK in incentives.
The mechanism does not alter
$BTC's base layer proof-of-work consensus. Instead, it relies on wrapped versions, including WBTC, tBTC, Liquid Bitcoin, and SolvBTC, that can be delegated on Starknet. These tokenized assets participate in Starknet's consensus alongside
$STRK following an on-chain vote in August.
StarkWare CEO Eli Ben-Sasson said the initiative fulfills a promise to unleash Bitcoin's power. The technology merges zk-STARK cryptography with Bitcoin holdings, providing post-quantum security while generating real yield for holders. Ben-Sasson believes this approach aligns with Satoshi's vision of true ownership.
The Starknet Foundation's 100 million
$STRK allocation aims to boost the BTCFi ecosystem by incentivizing borrowing against Bitcoin. The goal is to make Starknet the most cost-effective venue for using #Bitcoin as collateral while fueling yield strategies across the network.
Digital asset investment firm Re7 Capital plans to launch a new Bitcoin-denominated yield product on Starknet in October. The strategy will generate returns directly in Bitcoin through off-chain derivatives trading, curated DeFi yield strategies, and participation in BTC staking on Starknet.
