EigenLayer on Bitcoin, StakeLayer announced pre-sale distribution through Chainwire

London, UK, April 4, 2024, Chainwire

StakeLayer, a pioneer in L2 restating solutions, has announced the pre-sale distribution of $STAKE, the native token that powers its platform. This presale marks a significant milestone in StakeLayer’s mission to unlock the potential of DeFi for Bitcoin users.

$STAKE serves as the backbone of the StakeLayer ecosystem and enables a variety of DeFi activities on the Bitcoin network.

The pre-sale offers early adopters the opportunity to invest in $STAKE before it opens for public trading at the Token Generation Event, scheduled for the second quarter of 2024

Users can find more details about it Presale here.

StakeLayer introduces a revolutionary EigenLayer for Bitcoin. This new Layer 2 solution introduces restating to Bitcoin holders and is poised to transform how users interact with Bitcoin.

The way into the future

Similar to EigenLayer on , StakeLayer uses a restaking mechanism for Bitcoin. This will allow Bitcoin holders to potentially earn additional rewards for their holdings by participating in proof-of-stake activities for various applications built on Bitcoin's Layer 2.

Of the $STAKE Tokenomics listed below, 20% will be allocated for pre-sale distribution.

Possible benefits of StakeLayer

• Increased Capital Efficiency: With StakeLayer, Bitcoin holders can potentially earn additional rewards for their holdings, improving capital efficiency.
• Increased Security: The restaking mechanism has the potential to contribute to the overall security of the Bitcoin ecosystem.
• Innovation Opportunities: StakeLayer opens the possibility for developers to develop new applications on Bitcoin's L2 that leverage PoS features.
• Stakelayer announces new updates and will launch its platform soon. For more information, users can visit StakeLayer's Telegram community.

About Stakelayer

StakeLayer presents a novel approach to unlocking new functionality for Bitcoin and introduces a revolutionary EigenLayer for Bitcoin. Introducing restasking on Bitcoin's L2 opens doors to greater capital efficiency, potential security benefits, and a wider range of applications built on the Bitcoin network.

Although the project is still in its early stages, StakeLayer's unique features hold great promise for the future of Bitcoin and its integration into the evolving DeFi landscape.

ContactSam Viden[email protected]

This article was originally published on Chainwire