RATE Group | Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services
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Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

29 Apr Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Posted at 00:04h in Bitcoin News by

Decentralized finance (DeFi) protocol Keep Network has tapped Bison Trails to provide non-custodial staking services for tBTC, an ERC-20 representation of bitcoin (BTC) deposits. 

Keep, a project from blockchain venture studio Thesis, operates tBTC in a trustless manner by breaking bitcoin deposits across smart contracts held by various Keep users. Keep also chose staking providers Staked, Figment and Boar Network as partners for staking services.

“Infrastructure is important because if your node is being asked to sign a message or it’s holding onto BTC as one of the shards, you ideally don’t ever want to be offline,” Bison Trails protocol specialist Viktor Bunin told CoinDesk in an interview.

Bison Trails provides “blockchain-as-a-service” for multiple chains including the Libra Association and Polkadot. Now it’s securing tokenized versions of bitcoin on Ethereum.

Thesis launched its Keep protocol Monday with planned integration from 75% of the DeFi market, according to…

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