Products
Open-source
Restaking
dApp
Enterprise Dashboard
Validators
Connect
On-Chain
DeFi
Solutions
Protocols
Company
Docs
Products
Solutions
Protocols
Company
Docs
Stake bitcoin with Botanix and Kiln, enterprise-grade staking
Botanix
What is Botanix?
Botanix is an EVM Layer 2 built on top of Bitcoin, leveraging the strengths of Bitcoin and the Ethereum virtual machine.
At its core, Botanix Labs is creating a Layer 2 ecosystem named Spiderchain, which integrates a decentralized EVM with Bitcoin, introducing an innovative staking mechanism. This system allows users to stake Bitcoin and earn staking rewards through decentralized applications on Spiderchain.
Deep-dive into the BTC staking ecosystem through our detailed blog post.
How does Botanix actually enable bitcoin staking?
Botanix staking involves a 3-layer system with:
- The Bitcoin blockchain - every Botanix node runner also runs a Bitcoin node
- Botanix - an EVM blockchain to deploy decentralized applications
- Spiderchain - An intermediary layer between Bitcoin and Botanix to bridge and secure BTC
Stakers need to bridge their BTC from the Bitcoin blockchain to Botanix. Once bridged, the BTC are equally represented on the Botanix chain, and actual bridged BTC tokens are secured with a multi-sig wallet managed by Orcherstrators, who are Botanix node-runners.
As Botanix uses bridged BTC as a gas token, these fees are to be redistributed to stakers. Hence, the more activity there is on the Botanix blockchain, the more rewards there will be.
Watch the Kiln Rendez-Vous talk at EthCC '24 with Botanix, CoreDao and Babylon to learn more about bitcoin staking:
Why should you stake your assets?
Staking offers a secure and reliable method to earn rewards from your digital assets. These rewards come from both the native currency inflation of the blockchain and/or a portion of transaction fees.
Why should you stake your BTC?
The Bitcoin network doesn’t support staking as a Proof-of-Work network. Hence it is not possible to generate rewards from bitcoins without bridging assets to another blockchain like Ethereum. Idle bitcoins create opportunity costs by leaving staking rewards out of the table.
Botanix makes it possible to generate rewards from bitcoin assets maximizing capital efficiency of idle bitcoins.
You can stake your BTC to:
- 1Put your treasury to work
- 2Diversify and earn, while contributing to blockchains decentralization
- 3Bring new opportunities by enabling your users to earn staking rewards
Why should you stake your BTC with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake BTC, and to whitelabel BTC staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management.
Our clients can stake their tokens from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange, or just their favorite investment app. Kiln makes staking BTC easy, secure, and accessible to everyone.
Kiln has been closely working with Botanix to make sure we provide the best bitcoin staking experience as possible.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- Excellent track record in staking on 30+ protocols, managing more than $6b in stakes.
- Trusted by industry leaders such as Ledger, Lido, Coinbase Cloud, Bitpanda, Crypto.com and many more!
- Non-custodial, work with your existing custodians solutions e.g.Ledger, Fireblocks
- SOC 2 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
Protocol Card
Token
BTC
GRR
Testnet
Number of live validators
Testnet
Consensus
DPoS