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.
