From Investing.com: 2024-04-08 12:30:52

StakeLayer, a Restaking platform on L2, successfully concluded two Presale phases, raising over $500,000. Participants can purchase $STAKE tokens to earn rewards from vaults and engage in DeFi activities. Their EigenLayer for Bitcoin introduces innovative Restaking capabilities, with a Token Generation Event planned for Q2 2024.

StakeLayer’s unique restaking mechanism for Bitcoin enables holders to unlock rewards by participating in Proof-of-Stake activities within Bitcoin’s L2 ecosystem. This integration enhances capital efficiency, security, and utility, setting the stage for a transformative approach to DeFi interactions with Bitcoin.

StakeLayer provides augmented security, a BTC mirror mechanism for DeFi interactions, and enhanced capital efficiency for Bitcoin holders. Despite being in its early stages, the platform shows promise to reshape Bitcoin’s evolution and seamlessly integrate into the dynamic DeFi landscape. Participate in the Presale for a chance to be part of this innovative evolution.

Read more at Investing.com: StakeLayer Surpasses $500,000 Milestone in $STAKE Presale, Paving the Way for the Bitcoin Evolution By Chainwire