Starknet will now offer Bitcoin staking on Ethereum
12:15 ▪ 3 min read
Learn more ▪ Bitcoin (BTC)
The governance of Starknet has approved SNIP-31, a proposal that will enable Bitcoin staking on the Ethereum Layer 2 network. With the support of 93.6% of voters, the update introduces Bitcoin into the consensus process of Starknet alongside its native token, STRK.
In summary
The governance of Starknet approved SNIP-31 with 93.6% support, enabling Bitcoin staking alongside STRK on its Ethereum Layer 2 network.
Tokenized Bitcoin wrappers such as WBTC, L-BTC, tBTC, and SolvBTC will be supported, with BTC limited to 25% of the consensus power.
The move reflects a broader DeFi trend to mobilize Bitcoin liquidity while diversifying risk across multiple wrapped BTC assets.
How Bitcoin staking will work
The new staking framework assigns Bitcoin a weight of 0.25, granting it up to 25% of the total consensus power. The remaining balance is tied to STRK, ensuring that the network's token continues to anchor security and governance. According to the Ethereum layer 2 network team, the official launch of Bitcoin staking will take place in the coming weeks.
At launch, Starknet will support multiple tokenized Bitcoin wrappers, including Wrapped Bitcoin, Liquid Bitcoin, tBTC, and SolvBTC. Governance rules are already established to evaluate new wrappers over time, creating a flexible framework for the evolving market of tokenized Bitcoin. Holders of these approved assets will soon be able to stake or delegate Bitcoin on Starknet to participate in the security of the network and earn protocol rewards.
$WTC
