Starknet Enables Bitcoin Staking: Could It Spark a Crypto Surge?

A recent vote on Starknet has paved the way for users to stake their Bitcoin, with 94% approval paving the path for tokenized versions of BTC to join its staking system. This new model will assign Bitcoin a 0.25 staking power weight, limiting its overall influence at 25% of total consensus power. The official launch is expected in the coming weeks. Starknet’s move comes with an exciting multi-wrapper approach, supporting Wrapped Bitcoin (WBTC), Liquid Bitcoin (LBTC), tBTC, and SolvBTC to minimize risk by spreading it between custodians and bridges. This strategy will give BTC holders greater flexibility in their participation.