1 day left to vote on SNIP-31: Bitcoin Staking on Starknet 🚨This proposal defines how BTC holders can stake on Starknet, and sets the governance rules for approving BTC wrappers.Make sure your vote counts 🗳️👇Starknet 🐺🐱 (@Starknet):🚨The SNIP-31 vote is officially open!This proposal defines how BTC staking works on Starknet, from BTC Staking power Weight to wrappers to governance.A huge milestone, built on rigorous research.Cast your vote now 👇 https://t.co/E0CwKj5giK ...

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]

Starknet Governance & Staking - SNIP-31 proposes a new BTC staking mechanism on Starknet [1] - The proposal aims to allow BTC holders to stake tokenized BTC (WBTC, LBTC, tBTC, SolvBTC) directly on Starknet [1] - Stakers can earn STRK rewards without affecting the current STRK APR [1] - Community vote opens in 3 days [1] Key Upgrade Details - BTC staking weight (alpha) is set at 0.25, granting BTC holders up to 25% influence in consensus power [1] - A curated list of BTC wrappers eligible for staking will be governed through community votes and Monetary Committee approvals [2] - STRK and BTC reward dynamics will be clearly separated [2] Participation Requirements - To participate in the vote, users need to wrap STRK into vSTRK and delegate or self-delegate voting power on the Governance Hub [2] - Alternatively, users can stake STRK directly, noting a 21-day unlock period applies for unstaking [2] - Users must complete one of these actions before the vote opens to be eligible to vote [3]