Starknet Partners with Xverse to Enhance Bitcoin’s DeFi Capabilities
Starknet is enhancing its efforts to support Bitcoin's functionality in the DeFi space through a partnership with BTC wallet Xverse.
- Xverse aims to integrate with Starknet by Q2 2025, delivering a complete DeFi experience for Bitcoin users.
- The Starknet Foundation published a Bitcoin Roadmap, emphasizing its role as Bitcoin's execution layer while remaining active on Ethereum.
- The goal is to scale Bitcoin from 13 transactions per second (TPS) to thousands.
- Developers are exploring ways to leverage Bitcoin's security for broader DeFi applications, addressing its limited programmability compared to Ethereum.
- Starknet will act as an execution layer, processing transactions confirmed on Bitcoin.
- OP_CAT, a proposed implementation for Bitcoin, could enhance programmability and enable zero-knowledge proofs, critical for DeFi.
- Xverse plans to provide a DeFi experience using trust assumptions until OP_CAT is potentially adopted.
- Xverse founder Ken Liao stated the ultimate goal is trustless DeFi on Bitcoin, despite initial reliance on trust assumptions.