Starknet Unveils Bitcoin Staking and 100M STRK Fund-Shocking Yet Polite

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In the manner of our most accomplished correspondents, it is with a certain mixture of curiosity and turnkey finance that I relate the tidings from the Layer2 realm of Starknet. A bustle of new schemes has arrived, among them Bitcoin staking and a generous 100,000,000 STRK incentive, not to mention an institutional-grade BTC yield to suit the most exacting of tastes. A jest of the age, indeed, but with more prudence than a Regency ball. 😏💼

Bitcoin Staking Is Live On Starknet

Starknet hath, with due ceremony and a most punctual flourish, proclaimed Bitcoin staking together with a 100 million STRK fund to furnish the BTCFi circle. The endeavour presents Bitcoin staking as the first trustless method by which BTC may be staked upon a Layer 2 stage, while the owner continues to hold his own purse. Rewards may accrue, and the security of the network be thereby enhanced, all without surrendering custody. A novel mode of propriety, if you will, and quite the talk of the town. 💁‍♂️😉

“Bitcoin remains unchanged in its essence. Yet what one can accomplish with it wears a new costume altogether. From the June 2024 proclamation that Starknet would extend Bitcoin’s parliament to the practicalities of March 2025, the course is set. BTCFi on Starknet is the present fashion.”

The staking contrivance does not disturb Bitcoin’s base layer-the enduring Proof-of-Work-and does not permit staking of BTC in that sphere. Rather, Starknet’s scheme employes wrapped variants of BTC, including WBTC, tBTC, Liquid Bitcoin, and SolvBTC. These may be delegated upon Starknet and may partake in Starknet’s consensus after an on-chain vote, alongside the STRK token. The tokenised holdings are guarded by zk-STARK cryptography, presenting a robust post-quantum security. The esteemed Eli Ben-Sasson, Chief Proprietor of StarkWare, hath spoken thus:

“Last year I declared that Starknet would unleash Bitcoin’s power. Today we fulfil that pledge-bestowing value upon holders of Bitcoin without diminishing trust. For me, it is the convergence of two dreams: the ZK-tech I have laboured to conjure, and Satoshi’s conviction that one ought to control one’s own life; now you obtain true yield, true consensus, born of your very own Bitcoin.”

STRK Initiative

The Starknet Foundation hath also proclaimed the allocation of 100 million STRK (about $12 million) to cultivate the BTCFi ecosystem upon Starknet. This includes incentives to borrow against BTC, rendering Starknet the most economical conduit for employing Bitcoin as collateral and for the generation of yield strategies. The author of these plans, Ben-Sasson, did remark with suitable gravity:

“Bitcoin is the finest form of collateral. From the venerable Saylor to the venerable halls of Wall Street, such sentiments are widely borne; yet I would have you borrow against it and invest that which you borrow.”

BTC-Denominated Yield Product

The digital asset investment house Re7 Capital hath announced schemes for a BTC-denominated yield product on Starknet, anticipated in October. The plan is to deliver returns directly in BTC through a blend of off-chain derivatives trading, curated DeFi yield strategies, and participation in BTC staking on Starknet. The fund shall likewise be presented in tokenised form, ensuring access beyond the circle of professional investors. 🤑

“When a firm of Re7’s repute-noted for its on-chain accomplishments-brings a Bitcoin product to Starknet, one is compelled to acknowledge the network’s most promising prospects.”

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2025-10-01 02:01