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Starknet announces upcoming launch of Bitcoin staking feature
Summary: According to official sources, Starknet has announced that the SNIP-31 proposal has been officially approved, and the Bitcoin staking feature is set to go live. Under the proposal, the BTC staking weight is set at 0.25, allowing BTC to have a maximum stake of 25% in consensus power, with the remaining weight allocated to STRK. ...
According to official sources, Starknet has announced that the SNIP-31 proposal has been officially approved, and the Bitcoin staking feature is set to go live. Under the proposal, the BTC staking weight is set at 0.25, allowing BTC to have a maximum stake of 25% in consensus power, with the remaining weight allocated to STRK. Additionally, WBTC, LBTC, tBTC, and SolvBTC have been approved for staking on Starknet, and governance rules for new BTC wrapped tokens have been formalized. The official plan is to launch this feature in the coming weeks.
