📢 A new day, a new LN Ecosystem and LN Alliance partner has arrived!
⚡Introducing @StroomNetwork, a Bitcoin Liquid Staking protocol that allows users to earn native $BTC yield on the Lightning Network (LN) by staking their $BTC with no lock-up periods. We will create a direct Lightning Channel between #Lnfi and #Stroom, allowing our users to transfer their Bitcoins and participate in Stroom’s staking activities (when they are live on mainnet).
🚀To further the growth of the Lightning Network, both parties will explore collaboration on staking strategies, co-developing infrastructure on the Lightning Network and Taproot Assets Protocol and conduct joint research efforts.
🟠Stroom Network is a Liquid Staking protocol for the Bitcoin Lightning Network operating on EVM-based blockchains like Ethereum. By utilizing Stroom, users have the opportunity to earn yield from the Lightning Network without the need to lock up their $BTC or maintain their own node infrastructure.
🟠The mechanics are pretty straightforward: when you deposit $BTC into the Stroom DAO treasury, you will mint stBTC and then bond stBTC to obtain bstBTC. Both are liquid ERC-20 tokens that can be used across DeFi financial playground, with bstBTC auto-accruing native Bitcoin yield. With Stroom, your Bitcoins remain secure on the Bitcoin blockchain and operate within the Lightning Network.
🟠Currently in the testnet version, please check out their whitepaper, testnet guide, and more via their website:
Website:
https://t.co/fkCvh7vlsV
Whitepaper:
https://t.co/u1Papoy0it
Testnet Guide: https://t.co/MRbLZprthI