Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

EigenLayer on Bitcoin, StakeLayer Announced The Pre-Sale Distribution

Published 04/03/2024, 08:15 PM
Updated 04/03/2024, 08:30 PM
© Reuters.  EigenLayer on Bitcoin, StakeLayer Announced The Pre-Sale Distribution

London, UK, April 4th, 2024, Chainwire

StakeLayer, a Pioneer in Bitcoin L2 Restaking solutions, has announced the pre-sale distribution of $STAKE, the native token powering their platform. This pre-sale marks a significant milestone in StakeLayer's mission to unlock the potential of DeFi for Bitcoin users.

$STAKE serves as the backbone of the StakeLayer ecosystem, enabling a diverse range of DeFi activities on the Bitcoin network.

The pre-sale offers an opportunity for early adopters to invest in $STAKE before it opens for public trading at the Token Generation Event scheduled for Q2 2024

Users can find more details about the Pre-sale here.

StakeLayer introduces a revolutionary EigenLayer for Bitcoin. This new Layer 2 solution introduces Restaking for Bitcoin holders, poised to transform user interaction with Bitcoin.

The Path To the Future

Similar to the EigenLayer on Ethereum, StakeLayer utilizes a restaking mechanism for Bitcoin. This enables Bitcoin holders to potentially earn additional rewards on their holdings by participating in Proof-of-Stake activities on various applications built on Bitcoin's Layer 2.

$STAKE Tokenomics presented below, 20% is allocated for the Presale distribution.

Potential Benefits of StakeLayer

  • Increased Capital Efficiency: StakeLayer allows Bitcoin holders to potentially earn additional rewards on their holdings, improving capital efficiency.
  • Enhanced Security: The restaking mechanism has the potential to contribute to the overall security of the Bitcoin ecosystem.
  • Innovation Opportunities: StakeLayer opens doors for developers to build new applications on Bitcoin's L2 that leverage PoS functionalities.
  • Stakelayer is announcing new updates and is set to launch their platform soon, for more details users can visit StakeLayer’s telegram community.
About Stakelayer

StakeLayer presents a novel approach to unlocking new functionalities for Bitcoin, introducing a revolutionary EigenLayer on Bitcoin. By introducing restaking on Bitcoin's L2, it opens doors for increased capital efficiency, potential security benefits, and a wider range of applications built on the Bitcoin network.

While the project is still in its early stages, StakeLayer's unique features hold promise for the future of Bitcoin and its integration with the evolving DeFi landscape.


This article was originally published on Chainwire

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.