Eli Ben-Sasson, co-founder of StarkNet and Zcash, announces StarkNet’s major Bitcoin news: native Bitcoin staking on StarkNet. Starknet has 100 million STRK tokens allocated for competitive Bitcoin lending rates and Bitcoin yield strategies. Eli explains why zero-knowledge proofs are the scalability solution Bitcoin needs, how StarkNet enables self-custodial Bitcoin DeFi, and why OP_CAT could be the nine lines of code that save Bitcoin from becoming just another store-of-value asset for the wealthy.
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Notes:
• Bitcoin staking now live on StarkNet
• 100M STRK tokens for Bitcoin lending incentives
• 500M+ STRK already staked in protocol
• 21-day unstaking period for Bitcoin
• $1M research fund for OP_CAT development
• ZK-STARKs verify million transactions for one cost
• RS7 launching Bitcoin yield strategies