š³ļø The vote on Bitcoin staking in @Starknet (SNIP 31) is live!
Soon youāll be able to lock $BTC on Starknet and earn staking rewards in $STRK.
How it works š
@Starknet 1ļøā£ Supports a curated list of tokenized $BTC (āwrappersā) for direct staking
2ļøā£ No dependency on $STRK/$BTC exchange rate for consensus or minting
@Starknet š Staking economics
Rewards & staking pools ($BTC + $STRK) follow market dynamics for a fair, unified, flexible framework
@Starknet š Key parameters
1ļøā£ $BTC consensus weight: 25%
2ļøā£ $BTC rewards added via extra inflation ($STRK APR stays the same)
@Starknet Initial wrappers š¤
ā $WBTC (BitGo)
ā $LBTC (Lombard)
ā $tBTC (Threshold)
ā $SolvBTC (Solv)
ā”ļø Final list depends on technical readiness & Monetary Committee
@Starknet š³ļøĀ Governance
To add new wrappers:
ā
Community voteĀ
ā
Onchain activation by Monetary Committee
ā
Evaluation of reputation, market & security
@Starknet This vote ratifies SNIP 31 and opens the door to $BTC staking on @StarknetĀ
š³ļø If you hold $BTC or $STRK, you need to vote š
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