Staking Protocol Symbiotic Unveils Support for Bitcoin
CryptoNewsTerminal Staff14 Aug, 2024
Staking Protocol Symbiotic Unveils Support for Bitcoin
Bitcoin (BTC) holders now have the opportunity to stake their digital assets through Symbiotic, a renowned staking protocol. In a recent announcement, Symbiotic confirmed the integration of BTC support onto its platform. This move marks a significant milestone for Symbiotic, as it expands its reach beyond the Ethereum (ETH) ecosystem. The protocol aims to provide a decentralized and secure staking mechanism for BTC, aligning with the core principles of the leading cryptocurrency. Symbiotic is actively working on integrating multiple ERC-20 versions of BTC to enhance the security of the protocol. The team has emphasized that additional assets will be supported in the future, broadening the platform's capabilities and catering to a wider range of crypto enthusiasts.
