Starknet’s BTCFi Project Introduces One-Click Bitcoin Yield Earning via Braavos Wallet, Promising Up to 10% APY

Starknet is advancing Bitcoin’s utility by introducing a new feature that allows users to earn yields on their Bitcoin holdings. The Braavos wallet now supports Bitcoin, enabling users to bridge their BTC to Starknet, wrap it into WBTC, and deposit it into a vault with just one click. This initiative is part of Starknet’s broader BTCFi project, which aims to launch Bitcoin-native decentralized finance (DeFi) solutions and attract Bitcoin users to its platform. Users can earn up to 10% annual percentage yield (APY) on their Bitcoin without needing to sell their assets. Additionally, Starknet is positioning itself as the first Layer-2 rollup to support settlement on both Ethereum and Bitcoin, enhancing interoperability within the cryptocurrency ecosystem. The platform emphasizes security features, including two-factor and three-factor authentication, to safeguard users’ assets while they engage in yield generation and other financial activities. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant