Starknet launches BTC staking and a 100 million STRK incentive program

ChainCatcher news, Starknet announced the launch of "BTCFi on Starknet" with three key initiatives aimed at enhancing the usability of Bitcoin, specifically including: 1. BTC Staking: Users can now stake BTC on Starknet Layer 2 to earn rewards while retaining custody of their assets. 2. 100 million STRK incentives: The Starknet Foundation will distribute 100 million STRK tokens to incentivize activities in the BTCFi ecosystem on Starknet, including activities such as BTC-backed collateralized loans. 3. RE7 Capital yield products: RE7 Capital will launch an institutional BTC-denominated yield product, enabling broader participation through tokenization, making Starknet the execution layer for the Bitcoin network.