Bitcoin staking arrives at Starknet: how snip.bt.c redefines cross-chain governance

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Starknet (STRK) is about to transform its governance model. After a 93% approval in the SNIP-31 vote on August 21, the layer 2 network will implement a hybrid consensus system that integrates Bitcoin (BTC) with a staking power of 25%, while STRK maintains majority control with the remaining 75%.

snip.bt.c: The New Governance Paradigm

The snip.bt.c framework establishes an innovative mechanism where BTC holders can deposit tokenized assets on Starknet and participate directly in the consensus process. During the initial phase, the network will support verified wrappers such as WBTC, LBTC, tBTC, and SolvBTC, subject to community approval for future integrations.

This approach aims to ensure decentralized security while encouraging cross-chain participation. The additional issuance of STRK tokens will complement existing rewards without sacrificing current stakers’ income.

Technical Synchronization: Version 0.14.0

The timing of snip.bt.c is no coincidence. On September 1, Starknet will launch version 0.14.0, introducing decentralized sequencing based on Tendermint consensus and a fee market inspired by EIP-1559. Blocks will be processed in 4-6 seconds, significantly improving speed and censorship resistance.

This combination of technical quality and expanded governance positions Starknet as a robust infrastructure for BTCfi, enabling Bitcoin capital to access native DeFi opportunities on the network.

DeFi Ecosystem Expansion

Beyond snip.bt.c, Starknet accelerates its DeFi footprint with the launch of the perpetual trading protocol Extended and partnerships with platforms like Travala. These initiatives generate deep liquidity and concrete use cases for BTC holders.

Market Contradiction

Despite the approved milestone, STRK experienced a 6.2% drop on the day of the announcement. Current data shows STRK trading at $0.08 with a 24-hour retracement of -5.81%. Meanwhile, BTC remains at $95.72K, suggesting traders are anticipating further activations before re-evaluating the ecosystem’s value proposition.

The approval of snip.bt.c reflects institutional maturity in Starknet, but the market still awaits evidence of real adoption before rewarding governance innovation.

BTC-0,82%
STRK-3,09%
WBTC-0,86%
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