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2h ago

Starknet Activates Custody-Preserving Bitcoin Staking, Launches 100M STRK Incentives

Rewards are paid in STRK, with Re7 Labs bringing institutional and retail BTC yield products to Starknet.

Starknet unveils btcfi: trustless btc staking, partners, and 100m strk incentives

Overview

  • BTC holders can now delegate Bitcoin on Starknet without giving up custody to help secure the network and earn STRK rewards.
  • The Starknet Foundation committed 100 million STRK to stimulate BTC wrapper liquidity, lending and stablecoin borrowing across the ecosystem.
  • Re7 Labs is launching a Bitcoin Institutional Yield Fund with tokenized retail access via MidasRWA and has introduced an ALMM on Ekubo for BTC, ETH, STRK and stablecoin pairs.
  • Supported wrapped BTC types include WBTC, LBTC, tBTC and SolvBTC, with coverage reporting they may contribute up to 25% of staking power.
  • The mainnet rollout follows a Sept. 15 upgrade and adds integrations with LayerZero, BitGo and Stargate to expand access and cross-chain connectivity.