London, UK, April eighth, 2024, Chainwire
StakeLayer, a pioneering Restaking platform working on L2, has marked a major milestone by efficiently concluding two phases of its Presale, securing over $500,000 in funding.
Through the Presale, early individuals have a possibility to buy $STAKE – native token of StakeLayer ecosystem. Holders will be capable of use their tokens to probably get further rewards from vaults and take part in DeFi actions.
StakeLayer’s groundbreaking EigenLayer for Bitcoin introduces a paradigm shift in Bitcoin’s Layer 2 panorama, revolutionizing interactions with the premier cryptocurrency via progressive Restaking capabilities. Token Technology Occasion is scheduled for Q2 2024.
Impressed by ‘s EigenLayer, StakeLayer implements a bespoke restaking mechanism tailor-made particularly for Bitcoin. This mechanism empowers Bitcoin holders to unlock further rewards by actively taking part in Proof-of-Stake actions inside numerous functions nested inside Bitcoin’s L2.
By seamlessly integrating Proof-of-Stake into Bitcoin’s ecosystem, StakeLayer pioneers a transformative strategy, enhancing capital effectivity and safety whereas increasing Bitcoin’s utility.
Key Benefits of StakeLayer Embrace:
- Augmented Safety: The restaking framework launched by StakeLayer has the potential to bolster the general safety of the Bitcoin ecosystem.
- BTC Mirror Mechanism: StakeLayer facilitates seamless interplay with DeFi protocols with out the necessity for off-chain $BTC transfers.
- Enhanced Capital Effectivity: StakeLayer permits Bitcoin holders to optimize returns, thereby enhancing capital effectivity.
Regardless of being in its early levels, StakeLayer’s distinctive options and promising trajectory underscore its potential to reshape Bitcoin’s evolution and seamlessly combine it into the dynamic DeFi panorama.
Customers can take part within the Presale by way of this hyperlink
About StakeLayer
StakeLayer presents a novel strategy to unlocking new functionalities for Bitcoin, introducing a revolutionary EigenLayer on Bitcoin. By introducing restaking on Bitcoin’s L2, it opens doorways for elevated capital effectivity, potential safety advantages, and a wider vary of functions constructed on the Bitcoin community.
ContactSam Videncontact@stakelayer.io
This text was initially printed on Chainwire
