@0xabout

Starknet’s BTCFi initiative aims to transform Bitcoin from a passive asset into an active, yield-generating one by integrating it into @Starknet's DeFi ecosystem. This is achieved through a three-pillar framework: Bitcoin staking, institutional opportunities, and STRK incentives. Starknet’s BTCFi provides opportunities for institutions, DeFi power users, and onchain retail, leveraging Starknet’s unique architecture and the new BTC staking mechanism introduced by SNIP-31. Starknet’s BTCFi initiative introduces BTC staking, incentivizing early stakers with STRK rewards and promoting capital efficiency through liquid staking with @endurfi. The initiative also includes institutional support from @Re7Capital and a focus on DeFi liquidity through protocols like @EkuboProtocol $EKUBO and @vesuxyz. Starknet aims to transform idle BTC into a productive asset class, strengthening its DeFi ecosystem and validator economy.

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