London, UK, April 8, 2024, Chainwire

StakeLayer, the pioneering restaking platform powered by L2, has marked a major milestone by efficiently finishing two levels of pre-sale and securing over $500,000 in funding.

In the course of the presale, early contributors can have the chance to buy $STAKE, the native token of the StakeLayer ecosystem. Holders could possibly use their tokens to earn further rewards from their vaults or take part in DeFi actions.

StakeLayer's groundbreaking EigenLayer for Bitcoin brings a paradigm shift to Bitcoin's Layer 2 atmosphere and revolutionizes interactions with the perfect cryptocurrencies by way of its progressive Restake function. The token technology occasion is scheduled for Q2 2024.

Impressed by EigenLayer, StakeLayer implements a re-staking mechanism custom-made particularly for Bitcoin. This mechanism permits Bitcoin house owners to earn further rewards by actively collaborating in proof-of-stake actions inside varied functions nested inside Bitcoin's L2.

StakeLayer is pioneering an progressive strategy that seamlessly integrates Proof-of-Stake into the Bitcoin ecosystem, extending Bitcoin's utility whereas enhancing capital effectivity and safety.

The principle advantages of StakeLayer are:

• Enhanced safety: The restaking framework launched by StakeLayer has the potential to strengthen the general safety of the Bitcoin ecosystem.
• BTC Mirror Mechanism: StakeLayer facilitates seamless interplay with DeFi protocols with out the necessity for off-chain $BTC transfers.
• Improved capital effectivity: StakeLayer permits Bitcoin holders to optimize their returns, thereby growing capital effectivity.

Though nonetheless in its early levels, StakeLayer's distinctive options and promising trajectory spotlight its potential to reshape Bitcoin's evolution and seamlessly combine it into the dynamic DeFi atmosphere.

Customers can take part within the presale by way of this hyperlink

About StakeLayer

StakeLayer introduces the revolutionary EigenLayer to Bitcoin, providing a novel strategy to unlocking new capabilities in Bitcoin. Introducing restaking to Bitcoin's L2 opens the door to improved capital effectivity, potential safety advantages, and a variety of functions constructed on prime of the Bitcoin community.

contactSam Viden[email protected]

This text was initially printed on Chainwire