Starknet Partners with Alpen Labs for Secure Bitcoin-DeFi Bridge Development

Starknet and Alpen Labs Partnership

  • Starknet collaborates with Alpen Labs to create a secure, trust-minimized bridge between Bitcoin and Starknet.
  • The bridge aims to enhance DeFi capabilities for native Bitcoin holders on Starknet.
  • The project was confirmed on October 15.

New Security Model

  • Avoids traditional bridging models that have security vulnerabilities.
  • Utilizes two-party computation protocol based on garbled circuits, eliminating trusted intermediaries.

Starknet's Strategy

  • Part of Starknet's plan to scale Bitcoin as part of the "BTCFi on Starknet" initiative.
  • The Starknet Foundation awarded Alpen Labs a grant for the development and audit of a shared Glock verifier.
  • Supported by a 100 million STRK incentives program.
  • Alpen Labs' technology claims 430-550x efficiency over models like BitVM2.

Market Context

  • The bridge allows users to stake and borrow Bitcoin without wrapping.
  • Launch follows a volatile period in the Bitcoin market, with $19.35 billion in liquidations.
  • Institutional interest remains, with Strategy Inc. accumulating 220 BTC.

Bitcoin