2 hours ago
The Liquidium Foundation has released a liquid staking model for Rune-based tokens operating connected Bitcoin’s layer-1 network.
The protocol enables users to involvement tokens portion maintaining their autochthonal Bitcoin format, utilizing Internet Computer’s concatenation fusion exertion for wallet security.
The model initially supports staking of Liquidium’s LIQ tokens, which travel the Runes standard developed for Bitcoin.
Users person liquid sLIQ tokens representing their staked positions, allowing them to proceed trading portion earning rewards. The open-source protocol plan permits third-party developers to integrate further Runes-based assets.
Staking rewards deduce from protocol gross alternatively than token inflation. Liquidium allocates 30% of regular gross from its lending platforms to acquisition LIQ tokens, which are past redistributed to stakers.
The institution reserves 70% of gross for operational expenses. This mechanics aims to make token scarcity portion generating sustainable yields.
The Runes protocol, introduced arsenic a Bitcoin-native token standard, enables the instauration of fungible tokens straight connected the BTC blockchain.
Technical implementation
The staking strategy operates done a decentralized Bitcoin wallet secured by Internet Computer’s concatenation fusion technology.
The wallet operates independently, executing lone predefined staking declaration logic without requiring third-party control. All transactions hap straight connected Bitcoin’s mainnet without requiring wrapped assets oregon off-chain custody.
Robin Obermaier, Liquidium’s co-founder and CEO, stated the model connects to the company’s existing products.
LiquidiumWTF, the platform’s peer-to-peer lending protocol, generates gross done Bitcoin-collateralized loans. LiquidiumFi, scheduled to motorboat aboriginal this year, volition alteration cross-chain lending crossed Bitcoin, Ethereum, and Solana networks.
The staking model integrates with Liquidium’s existing operations connected Bitcoin Layer 1. Since launch, the level has processed implicit 102,000 loans, generating $8 cardinal successful lender involvement and facilitating $450 cardinal successful borrowing volume.
The protocol supports Ordinals, Runes, and BRC-20 tokens arsenic collateral done Partially Signed Bitcoin Transactions (PSBTs) and multi-signature Discreet Log Contracts for escrow.
Traditional implementations often necessitate wrapping autochthonal assets oregon moving them to secondary networks. Liquidium’s attack maintains Bitcoin web residency passim the staking process.
The institution plans to grow its DeFi ecosystem done the staking model portion maintaining its absorption connected autochthonal Bitcoin operations.
The station Liquidium launches autochthonal liquid staking model for Bitcoin Runes protocol tokens appeared archetypal connected CryptoSlate.
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