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Starknet governance has ratified SNIP-31, clearing the way for bitcoin staking on the 
Ethereum Layer 2 network. The upgrade will allow BTC wrappers to participate in consensus and earn rewards, with launch set for the coming weeks.
What’s the Scoop?
- Overwhelming support: 93.6% of voters approved SNIP-31, giving wrapped BTC a consensus weight of up to 25%, while STRK remains central to security.
- Multiple wrappers included: Wrapped Bitcoin, Liquid Bitcoin, tBTC, and SolvBTC are part of the initial staking set, diversifying custodial and technical risk.
- Industry momentum: The move reflects a broader push to mobilize bitcoin in DeFi, similar to initiatives from Babylon, BTCfi, and Stacks.
- Starknet strategy: The network continues to expand beyond STRK-only staking, positioning itself as a multi-asset Layer 2 while growing developer tools and ecosystem support.
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