Starknet launches BTC staking and 100 million STRK incentive program

ChainCatcher news, Starknet has announced the launch of three key initiatives under “BTCFi on Starknet,” aimed at enhancing the usability of Bitcoin. Specifically: 1. BTC Staking: Users can now stake BTC on Starknet Layer 2 to earn rewards while maintaining custody of their assets. 2. 100 million STRK incentives: The Starknet Foundation will distribute 100 million STRK tokens to incentivize BTCFi ecosystem activities on Starknet, including BTC-based collateralized lending and other activities. 3. RE7 Capital yield product: RE7 Capital will launch an institutional BTC-denominated yield product, enabling broader participation through tokenization and positioning Starknet as the execution layer for the Bitcoin network.