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Starknet Approves Wrapped Bitcoin Staking Proposal

In a bid to further embed itself in the bitcoin ecosystem, BTC wrappers will soon join STRK in securing the Layer 2.
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Aug 21, 20251 min read

Starknet governance has ratified SNIP-31, clearing the way for bitcoin staking on the Ethereum Layer 2 network. The upgrade will allow BTC wrappers to participate in consensus and earn rewards, with launch set for the coming weeks.

What’s the Scoop?

  • Overwhelming support: 93.6% of voters approved SNIP-31, giving wrapped BTC a consensus weight of up to 25%, while STRK remains central to security.
  • Multiple wrappers included: Wrapped Bitcoin, Liquid Bitcoin, tBTC, and SolvBTC are part of the initial staking set, diversifying custodial and technical risk.
  • Industry momentum: The move reflects a broader push to mobilize bitcoin in DeFi, similar to initiatives from Babylon, BTCfi, and Stacks.
  • Starknet strategy: The network continues to expand beyond STRK-only staking, positioning itself as a multi-asset Layer 2 while growing developer tools and ecosystem support.

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