Summary
- StarkNet announced it will support Bitcoin (BTC)-based decentralized finance (BTCFi) services.
- It said Bitcoin staking and yield products will be introduced on StarkNet, and wBTC, tBTC and other Bitcoin liquidity tokens are expected to be usable.
- The StarkNet Foundation allocated 100 million StarkNet tokens as incentives, saying this is a strategy to secure leadership in the Bitcoin-based decentralized finance market.
Ethereum (ETH) layer-2 project StarkNet (STRK) is set to support Bitcoin (BTC)-based decentralized finance (BTCFi) services.
On the 30th (Korea time), according to crypto outlet The Block, StarkNet will introduce Bitcoin staking and yield products on its platform.
StarkNet users are expected to be able to use various products on StarkNet using Bitcoin liquidity tokens such as wBTC and tBTC.
At the same time, the StarkNet Foundation allocated 100 million StarkNet tokens as incentives to activate the initiative. The incentives are seen as a strategy to gain a leading position in the Bitcoin-based decentralized finance market.
Eli Ben-Sasson, CEO of StarkWare, said, "Satoshi's vision of 'owning one's life' has met the ZK technology I created," adding, "Satoshi would be proud to see Bitcoin protecting another decentralized network."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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