Ethereum Layer-2 network Starknet has announced that it will launch Bitcoin betting in 2025.
According to network, Moving is part of the efforts of this hyperbitcoinization. Starknet announced in March that it will become a scaling layer of both Bitcoin and Ethereum to open up decentralized finances in two networks.
L2 said in his announcement:
“Bringing sustainable benefits to Bitcoiners, bringing a stronger security and new Devide building blocks – all low -cost. Startnet hyperbitcoinization will soon slow.”
Interestingly, the message did not include more information on the exact date of startup or how the bitcoiners weigh. However, the information on their website states that users will soon receive major Bitcoin wraps. Wrapped bitcoin chips such as WBTC, CBBTC, UBTC, IBTC and others are likely to contribute.
More than 200 million strks contributed to Starknet
The step to make a Bitcoin contribution will be less than a year after the first major Ethereum L2 became the start of the start, which allows for betting after the first phase of the transition to prove its participation.
The transition to POS, designed for decentralizing the network, has also become a Stra owners' opportunity to earn more benefits from their chips. Anyone with 20,000 strs can become a validator while other users can delegate their chips.
So far, there are 261.27 million strks on the network, which is 105 validators on the network, which is still a small percentage of this 2.9 billion circular offer. Almost 69,000 owners have actually delegated their chips to take advantage of the annual percentage (APR) 9.90%.
The Starknet Pandi mechanism is similar to that of Mainnet Ethereum, which is slashed for validators who are unable to perform their duties or act maliciously. Delegators and validators also have to wait 21 days to receive their withdrawal and rewards.
If betting prizes are paid only in STK, the Bitcoiners participating in the network could serve the Strk. The badge trades at $ 0.1518 after receiving 2.41% in 24 hours and 11.57% in the last seven days. However, it has now fallen by 68.21%.
Bitcoin's place market is growing
In the meantime, a Starknet venture in the Bitcoin's place in the market means joining the growing market. Bitcoin's contribution has become one of the fastest-growing sectors, the protocols of which want to use mass liquidity for the network for defe facilities.
In accordance Defilma, Bitcoin's contribution and restart make up more than 80% of the $ 5.86 billion Defi total value locked online (TVL). One platform, Babylon's protocol, has $ 4.6 billion in TVL alone.
Babylon allows BTC owners to earn a return on their assets through the protocol, while using BTCs contributing to liquidity and security in POS networks. The protocol already has over 57,000 BTCs and recently launched its Layer-1 network Genesis, which is essentially a contributing network.
In addition to Babylon, many other platforms also offer Bitcoin bets, restarts and liquid. These include Lombard Finance, Exata Credit Stapping, Coffer Network, B14G, Chakra and Allobtc.
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