Introduction
OKX, a leading Web3 technology company, has unveiled its proposal for the BRC-30 standard, an open-source protocol designed to enable staking of BRC-20 tokens and Bitcoin to earn passive income. This innovation aims to expand earning opportunities within the Bitcoin ecosystem while maintaining developer accessibility and decentralization.
Key Features of BRC-30
- Bitcoin and BRC-20 Staking: Users can stake Bitcoin or BRC-20 tokens to earn BRC-30 rewards.
- Passive Income: Integrated with OKX Wallet, the protocol allows earnings without active trading.
- Multi-Chain Support: Soon available for cross-chain staking opportunities.
👉 Explore OKX Wallet for BRC-30 staking
OKX Wallet Integration
OKX Wallet will natively support BRC-30, enabling seamless staking through its Web3 Earn platform. This addition complements existing DeFi products, offering users diversified yield-generation options.
Benefits for Users:
- Simplified Staking: No trading expertise required.
- Ecosystem Growth: Encourages participation in Bitcoin-based innovations.
Industry Impact
Jason Lau, OKX Chief Innovation Officer, stated:
"With BRC-30, we’re pioneering Bitcoin staking to empower users and developers. This reflects our commitment to advancing the Bitcoin ecosystem alongside community collaborators."
OKX has been a Lightning Network early adopter and the first multi-chain wallet to support BRC-20 trading and Ordinals Marketplace.
FAQ Section
1. What is BRC-30?
BRC-30 is a proposed standard for staking Bitcoin and BRC-20 tokens to earn rewards, similar to proof-of-stake mechanisms.
2. How does staking work?
Users lock assets (Bitcoin/BRC-20 tokens) via OKX Wallet to earn BRC-30 tokens over time.
3. Is BRC-30 secure?
As an open-source protocol, it’s auditable by developers, though users should assess risks.
👉 Learn more about Web3 Earn opportunities
About OKX
A global leader in Web3 infrastructure, OKX offers:
- OKX Wallet (multi-chain support)
- NFT Marketplace
- DEX and DeFi integrations
Partnered with Manchester City F.C., McLaren F1, and top athletes, OKX advocates for Web3 decentralization through initiatives like "The System Needs a Rewrite."
Disclaimer: This content is informational only. Digital assets carry risks; conduct independent research. OKX is not liable for DeFi protocol performance.