Starknet has announced the upcoming launch of Bitcoin Staking functionality.

BlockBeats News, August 21st, according to official sources, Starknet has announced that the SNIP-31 proposal has been formally approved, and the Bitcoin staking feature is about to go live. According to the proposal, the BTC staking weight is set to 0.25, allowing BTC to have a maximum of 25% stake in the consensus power, with the remaining weight allocated to STRK.

At the same time, WBTC, LBTC, tBTC, and SolvBTC have been approved for staking on Starknet, and the governance rules for the approval of new BTC wrapped tokens have also been formally established. The official plan is to launch this feature in the coming weeks.