Starknet Launches BTC Staking and 100 Million STRK Incentive Program

BlockBeats News, September 30th, Starknet announced the launch of the "BTCFi on Starknet" three key initiatives aimed at improving Bitcoin's usability, including:

1. BTC Staking: Users can now stake BTC on Starknet Layer 2 to earn rewards while retaining asset custody.

2. 100 Million STRK Incentive: The Starknet Foundation will distribute 100 million STRK tokens to incentivize activities in the BTCFi ecosystem on Starknet, including BTC-based lending activities.

3. RE7 Capital Yield Product: RE7 Capital will launch an institutional-focused BTC-denominated yield product to achieve broader participation through tokenization, making Starknet the execution layer of the Bitcoin network.