Bitcoin Staking on Starknet
This feature allows users to stake tokenized Bitcoin assets like WBTC, LBTC, tBTC, and SolvBTC directly on Starknet, earning STRK rewards without impacting existing STRK staking yields. BTC stakers gain up to 25 percent consensus power, with STRK maintaining at least 75 percent. The purpose is to integrate Bitcoin into Starknet's proof-of-stake model, providing Bitcoiners with low-cost yields, developers with new tools for building scalable apps, and the network with added economic security. Its significance lies in bridging Bitcoin and Ethereum ecosystems, making Starknet the first Layer 2 to offer native BTC staking for consensus. Expected impacts include attracting billions in BTC liquidity, boosting DeFi activity on Starknet, and positioning it as a leader in hyperbitcoinization. As staking involves locking assets, users should be aware of potential volatility and review terms carefully.Recent NewsIn August, the community ratified SNIP-31, approving BTC staking parameters and eligible wrappers, paving the way for launch in the coming weeks. July saw over 400 million STRK staked, reflecting strong participation post-migration upgrades that improved validator transparency and economics. June featured the staking migration completion, introducing block attestation for better delegator insights. These milestones align with partnerships like Lombard Protocol for LBTC integration, enhancing Bitcoin's DeFi utility amid broader Layer 2 growth.Future PlansStarknet's roadmap targets full decentralization by year-end, with staking v3 in late 2025 tying rewards more closely to network performance. Upcoming features include decentralized sequencers and provers, expanding to scale Bitcoin as an execution layer for complex apps. Goals emphasize unifying Bitcoin and Ethereum, enabling trust-minimized interactions and massive throughput, while fostering global adoption through community governance and developer tools.Onchain DataDetailed current onchain metrics via Dune Analytics show robust activity, with monthly transactions around 7.5 million and average fees at 0.0056 dollars, indicating efficient scaling. Staking participation has surpassed 400 million STRK, with consistent wallet growth supporting ecosystem health.Community SentimentReactions on X are largely positive, with users highlighting the mechanism's potential to absorb token unlocks and create price stability. Discussions praise its innovative edge in addressing Bitcoin's idle capital, though some note the need for smooth implementation post-recent upgrades. Influencers view it as a catalyst for Layer 2 dominance, fostering optimism amid market recovery.This launch unlocks new opportunities for Bitcoin holders in DeFi, solidifying Starknet's role in scalable blockchain innovation.
Starknet
September 30

