ARC20 Staking (POC)
Try the ARC20 staking POC and explore more potentials!
Last updated
Try the ARC20 staking POC and explore more potentials!
Last updated
TC staking has become a significant trend and opportunity for Bitcoin holders, providing a means to extend Bitcoin's potential. The Bitcoin blockchain is meticulously designed, featuring a native script language that ensures the security of Bitcoin.
Building on this foundation, we've developed the ARC20 staking service, utilizing the same native script on the Bitcoin network to secure assets. This service does not require any "bridge" or sending assets to a third-party liquidity pool, so there is no risk of losing your assets. This service showcases how Bitcoin's script language can be leveraged for advanced functionalities, such as asset staking and decentralized finance (DeFi) applications.
Explore our Proof of Concept (POC) here:
https://wizz-staking-poc.wizz.cash/
To try it out, follow these steps. Please note that no rewards are available on the testnet:
Testnet 4 faucet: https://mempool.space/testnet4/faucet.
Mint an ARC20 token on Testnet 4.
Stake the ARC20 token.
Decide how many ARC20 are you willing to stake and how long are you going to stake. Send the transaction to stake ARC20.
The ARC20 tokens will be sent to an intermediary address derived from your wallet, which is fully controlled by you. Based on the staking parameters, the ARC20 assets will be locked at this address for a specified period. After the lock period ends, only your wallet can unlock and withdraw the staked tokens.
Withdraw the ARC20 token.
