StakeLayer Announces Pre-Sale of $STAKE Token, Bringing DeFi to Bitcoin

StakeLayer, a pioneering Bitcoin Layer 2 (L2) restaking solution, has announced the commencement of its $STAKE token pre-sale. $STAKE, the native token of StakeLayer's platform, plays a pivotal role in powering the ecosystem, enabling a plethora of DeFi activities on the Bitcoin network. The pre-sale offers early adopters the opportunity to acquire $STAKE before its public trading debut in Q2 2024.

StakeLayer Announces Pre-Sale Distribution of $STAKE Token, Unlocking DeFi Potential for Bitcoin

London, UK - April 4th, 2024 - StakeLayer, a pioneering provider of Bitcoin Layer 2 restaking solutions, has announced the pre-sale distribution of $STAKE, the native token powering its platform. This pre-sale marks a pivotal milestone in StakeLayer's mission to harness the transformative potential of decentralized finance (DeFi) for Bitcoin users.

$STAKE: The Backbone of the StakeLayer Ecosystem

$STAKE constitutes the foundational element of the StakeLayer ecosystem, facilitating a multitude of DeFi activities on the Bitcoin network. These activities encompass lending, borrowing, staking, and yield farming, empowering Bitcoin holders to maximize the utility of their assets.

Pre-Sale Opportunity for Early Adopters

The pre-sale presents an exclusive opportunity for early adopters to acquire $STAKE before its availability via public trading. The Token Generation Event, scheduled for Q2 2024, will mark the official release of $STAKE on the open market.

StakeLayer's Revolutionary EigenLayer for Bitcoin

StakeLayer introduces an innovative EigenLayer for Bitcoin, akin to its counterpart on Ethereum. This Layer 2 solution features a novel restaking mechanism that empowers Bitcoin holders to earn additional rewards on their holdings by participating in Proof-of-Stake (PoS) activities on various applications built upon Bitcoin's Layer 2.

Potential Benefits of StakeLayer

• Enhanced Capital Efficiency: StakeLayer enables Bitcoin holders to optimize capital utilization by potentially generating additional income streams through restaking mechanisms.
• Elevated Security: The restaking mechanism has the potential to contribute to the overall security of the Bitcoin ecosystem by incentivizing network participation.
• Innovative Application Development: StakeLayer unlocks a new frontier for developers, enabling the creation of novel applications on Bitcoin's L2 that leverage PoS functionalities.

Tokenomics of $STAKE

The $STAKE tokenomics allocate 20% of the total supply for the pre-sale distribution.

Upcoming Platform Launch and Community Engagement

StakeLayer is poised to launch its platform shortly and will continue to provide regular updates on its progress. Interested individuals are encouraged to join StakeLayer's Telegram community for the latest information and discussions.

About StakeLayer

StakeLayer is a cutting-edge platform that empowers Bitcoin users to harness the transformative potential of DeFi. By introducing a novel EigenLayer and restaking mechanism on Bitcoin's Layer 2, StakeLayer opens doors for increased capital efficiency, enhanced security, and a wider range of applications built on the Bitcoin network.

Contact:
Sam Viden
contact@stakelayer.io