UTXO Stack announces transformation into Lightning Network staking layer and plans to launch token incentive mechanism

BlockBeats reported that on September 13, according to official news, UTXO Stack announced its official transformation into the Lightning Network staking layer. The decentralized staking protocol provides better liquidity and a better profit model for the Lightning Network.

At the same time, UTXO Stack plans to launch a token incentive mechanism to encourage staking of CKB and BTC to enhance the liquidity of the state channel. This transformation will promote the Lightning Network to the public by providing liquidity incentives and build a more scalable Bitcoin ecosystem.