Proposal Overview - SNIP-31 proposes a new Bitcoin (BTC) staking mechanism on Starknet [1] - The proposal aims to allow BTC holders to lock tokenized BTC (WBTC, LBTC, tBTC, SolvBTC) on Starknet and earn STRK rewards [1] - The upgrade includes a BTC staking weight (alpha) set at 0.25, granting BTC holders up to 25% influence in consensus power [1] Governance and Rewards - A curated list of BTC wrappers eligible for staking will be governed through community votes and Monetary Committee approvals [2] - The proposal ensures a clear separation of STRK and BTC reward dynamics [2] - Community participation through vSTRK delegation or direct STRK staking is required to vote [2][3] Strategic Importance - This is a critical moment for Starknet, defining how Bitcoin integrates into its staking and governance framework [2]
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Starknet 🐺🐱·2025-08-09 00:00