PANews reported on September 30th that Bitcoin staking has launched on Starknet, a platform the project claims is the first trustless Bitcoin staking platform to be implemented on a Layer 2 network. Holders retain custody of their assets while earning rewards and contributing to network consensus. Starknet describes this as a "Bitcoin strategy for veteran Bitcoiners." This initiative does not alter Bitcoin's base layer, but rather relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated and staked on Starknet. At the same time, the Starknet Foundation will allocate 100 million STRK (US$12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, making Starknet the most cost-effective place to use Bitcoin as collateral and implement yield-generating strategies. Furthermore, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, it will generate returns directly in Bitcoin. The fund will be tokenized to facilitate wider investor participation.PANews reported on September 30th that Bitcoin staking has launched on Starknet, a platform the project claims is the first trustless Bitcoin staking platform to be implemented on a Layer 2 network. Holders retain custody of their assets while earning rewards and contributing to network consensus. Starknet describes this as a "Bitcoin strategy for veteran Bitcoiners." This initiative does not alter Bitcoin's base layer, but rather relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated and staked on Starknet. At the same time, the Starknet Foundation will allocate 100 million STRK (US$12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, making Starknet the most cost-effective place to use Bitcoin as collateral and implement yield-generating strategies. Furthermore, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, it will generate returns directly in Bitcoin. The fund will be tokenized to facilitate wider investor participation.
Starknet Launches Bitcoin Staking and Yield Products in BTCFi Expansion
PANews reported on September 30th that Bitcoin staking has launched on Starknet, a platform the project claims is the first trustless Bitcoin staking platform to be implemented on a Layer 2 network. Holders retain custody of their assets while earning rewards and contributing to network consensus. Starknet describes this as a "Bitcoin strategy for veteran Bitcoiners." This initiative does not alter Bitcoin's base layer, but rather relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated and staked on Starknet.
At the same time, the Starknet Foundation will allocate 100 million STRK (US$12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, making Starknet the most cost-effective place to use Bitcoin as collateral and implement yield-generating strategies. Furthermore, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, it will generate returns directly in Bitcoin. The fund will be tokenized to facilitate wider investor participation.
Market Opportunity
Solayer Price(LAYER)
$0.08196
$0.08196$0.08196
USD
Solayer (LAYER) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?
The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
US-wed Irishman with no criminal record detained for months in 'traumatizing' conditions
An Irish immigrant has been stuck in an ICE camp for months despite having a valid permit and no criminal record, per an interview he gave to The Irish Times, likening
Share
Alternet2026/02/10 03:14
U.S. government isn’t poised to sweep in with bitcoin buys, despite Jim Cramer rumor
The post U.S. government isn’t poised to sweep in with bitcoin buys, despite Jim Cramer rumor appeared on BitcoinEthereumNews.com. President Donald Trump’s U.S.
Share
BitcoinEthereumNews2026/02/10 03:42