Starknet, the second tier (L2) of Ethereum, enabled Bitcoin Staking (BTC) in the chain on September 30, as Cryptootics had already anticipated.
This mechanism is permitted BTC Holder participates in StarkNet security You will also receive rewards in combination with STRK’s traditional validator (Ethereum, this native token for L2).
In that statement, the team behind Starknet said:
BTC is now part of the StarkNet participation mechanism, allowing Bitcoin users to secure networks along with STRK stakers and earn rewards
starknet statement.
That means the user who has it I wrapped the bitcoin version (It’s wrappedin English) StarkNet such as WBTC, LBTC, TBTC, SOLVBTC can delegate those tokens to ensure that L2 operations and receive recurring payments.
The wrapped assets are tokenized versions of cryptocurrencies that reside in another network. These represent equivalent values to the original assets, but in this case they are not native BTC; Contracts to replicate to work in other chains.
As they explain, the central purpose of this integration is that “BTC staking will strengthen Starknet’s decentralization.”
That is, it’s an entry as a Bitcoin staking asset. We aim to increase the number and diversity of validators Participants delegating their stokes to the pool (DelegatorEnglish), this translates to consensus that is resistant to obstacles or attacks.
The team also explained that rewards those who participate “return “from the economy of protocols, not from a temporary incentive.”
Thus, payments rely on the economic design of the protocol, not on specific subsidies.
As shown in the StarkNet statement, Sumar BTC means “low-cost, solid economic security” as a staking asset. Bitcoin holders usually prioritize long-term safety and stability rather than pursuing high yields.
From StarkNet, they want a more convenient native token
According to what was said in the announcement, staking at BTC also enhances the usefulness of Token Struk, the Starknet core.
STRK is used as a primary collateral for gas committee payments, participation in governance, and decentralized applications of ecosystems (DAPP).
Bitcoin is also directly linked to STRK in a positive cycle. The more it dyes stokes, the older the BTC’s staking rares.
starknet statement.
This mechanism works by assigning a BTC staker 25% fixed reward emissions,Annual Rate (APR) rises as STRK staking grows and attracts more BTC to the StarkNet consensus.
The scheme also calls for networks to diversify the security sources of consensus, as well as generating more stable and predictable economic incentives for users who want to delegate Bitcoin on Starknet.
