@zanyzebra
Beyond conventional staking, other protocols are building alternative staking primitives for BTC.
Liquid Custody Tokens (LCTs) - Pioneered by @bounce_bit, they address compliance and security concerns by storing assets with regulated custodians like Fidelity.
In return, users receive a voucher token that can be used in DeFi.
Similarly, Solv protocol also uses a semi-custodial model, with SolvBTC reserved through a partnership with @CeffuGlobal.
Dual-Staking mode - This requires users to stake both BTC and a protocol’s native token to secure the network.
Core DAO pioneered this approach, combining BTC with its native $CORE token to offer tiered yields and enable self-custodial BTC staking with EVM-compatible DeFi.
0 reply
0 recast
0 reaction