OKX, a leading Web3 innovator, has unveiled its groundbreaking proposal for the BRC-30 token standard, enabling users to stake Bitcoin and BRC-20 tokens to earn passive income. This open-source protocol marks a significant leap forward for the Bitcoin ecosystem, offering new decentralized finance (DeFi) opportunities while maintaining the security of the Bitcoin network.
Key Features of BRC-30
- Bitcoin Staking: First-ever protocol to enable native Bitcoin staking without requiring active trading
- BRC-20 Token Integration: Extends earning potential to BRC-20 tokens
- Multi-Chain Compatibility: Seamlessly works across blockchain networks via OKX Wallet
- Passive Income Generation: Users earn BRC-30 tokens as rewards
👉 Explore BRC-30 staking opportunities
How BRC-30 Works
The BRC-30 standard introduces a trustless mechanism where users can:
- Deposit Bitcoin or BRC-20 tokens into smart contracts
- Earn BRC-30 tokens as staking rewards
- Withdraw assets anytime without locking periods
"BRC-30 democratizes access to Bitcoin-based yield farming," said Jason Lau, OKX Chief Innovation Officer. "This aligns with our mission to expand utility within the Bitcoin ecosystem."
OKX Wallet Integration
OKX Wallet, the first multi-chain wallet to support BRC-20 trading, will soon integrate BRC-30 functionality. Users can:
- Stake assets via Web3 Earn
- Track rewards in real-time
- Manage positions across 30+ blockchains
Bitcoin Ecosystem Growth
OKX has been a pioneer in Bitcoin innovation:
| Milestone | Description |
|-------------------------|--------------------------------------------|
| Lightning Network Support | Early adopter (2021) |
| Ordinals Marketplace | First wallet with BRC-20 trading |
| BRC-30 Proposal | Industry-first Bitcoin staking standard |
FAQs
What is BRC-30?
BRC-30 is a new token standard enabling staking of Bitcoin and BRC-20 tokens to earn rewards, similar to Ethereum's staking mechanisms but tailored for Bitcoin's architecture.
How does BRC-30 differ from BRC-20?
While BRC-20 governs token creation on Bitcoin, BRC-30 focuses on staking those tokens and Bitcoin itself to generate yield.
When will BRC-30 launch?
OKX Wallet plans to roll out support in phases, starting Q3 2023.
👉 Stay updated on BRC-30 developments
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Digital assets involve risk; please assess your financial capacity before participating.
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