Cryptocurrency exchange OKX announced the launch of BRC-30, an extension protocol for BRC-20, introducing staking, deposits, minting, and withdrawal mechanisms to expand Bitcoin ecosystem applications.
BRC-30 Enhances BRC-20 with Staking and Yield Opportunities
According to OKX's official announcement, BRC-30 is designed as an upgrade to the BRC-20 protocol. While maintaining BRC-20's core principles, it adds:
- Token staking
- Deposit/withdrawal functions
- Minting mechanisms
This innovation allows users to stake Bitcoin or BRC-20 tokens to earn BRC-30 rewards, creating new utility for BRC-20 assets:
"BRC-20 holders can now put their digital assets to work, engage with communities, and earn rewards for participating in the Bitcoin network."
How BRC-30 Staking Pools Operate
The framework enables:
For Projects:
- Define staking pool parameters (staking tokens, reward tokens, mining rates)
- Attract early adopters through token distribution
For Users:
- Deposit inscriptions into pools
- Mint and withdraw rewards flexibly
For Servers:
- Interpret both BRC-20 and BRC-30 proposals
👉 Explore BRC-30 staking opportunities
Key Benefits of BRC-30 Standard
- Yield Generation – Earn passive income on idle BRC-20 tokens
- Ecosystem Growth – Incentivizes broader Bitcoin network participation
- Developer Flexibility – Customizable reward structures
Frequently Asked Questions
What's the difference between BRC-20 and BRC-30?
BRC-30 extends BRC-20 by adding staking functionality while maintaining backward compatibility with existing tokens.
How do I participate in BRC-30 staking?
Users can stake eligible assets through supported platforms like OKX Web3 Wallet, then claim rewards based on pool parameters.
Are there risks to BRC-30 staking?
As with any staking mechanism, users should research pool terms and consider smart contract risks before participating.
👉 Learn more about secure staking practices
The Future of Bitcoin Token Standards
This innovation represents another step in Bitcoin's evolving utility layer, following earlier experiments like ORC-20 and SRC-20. By combining staking rewards with Bitcoin's security, BRC-30 could significantly expand DeFi possibilities on the world's largest blockchain.