The Liquidium Foundation has released a Rune-based token liquid staking framework that runs on Bitcoin’s Layer-1 network.
This protocol allows users to use wallet security using chain fusion technology on internet computers to wager tokens while maintaining native Bitcoin format.
The framework supports staking of Liquidium’s Liq tokens, following the Runes standard originally developed for Bitcoin.
Users receive a liquid SLIQ token representing the position of the pile, allowing them to continue trading while earning rewards. Open source protocol design allows third-party developers to integrate additional rune-based assets.
Staking rewards come from protocol revenue rather than token inflation. Liquidium purchases Liq Tokens by allocating 30% of its daily revenue from the lending platform, and is then redistributed to stakers.
The company reserves 70% of its operating expenses revenue. This mechanism aims to create token rarity while generating sustainable yields.
Introduced as a Bitcoin native token standard, the Runes protocol allows the creation of phibre tokens directly on the BTC blockchain.
Technical implementation
The staking system works through a decentralized Bitcoin wallet protected by Internet computer chain fusion technology.
The wallet works independently and runs only defined predefined staking contract logic without requiring third-party control. All transactions occur directly on the mainnet of Bitcoin, without the need for wrapped assets or out-of-straiting supervision.
Robin Obermaier, co-founder and CEO of Liquidium, said the framework connects to the company’s existing products.
LiquidiumWTF, the platform’s peer-to-peer lending protocol, generates revenue through Bitcoin’s compatriot loans. Liquidiumfi, scheduled to be released later this year, will enable cross-chain financing across Bitcoin, Ethereum and Solana networks.
The staking framework is integrated with existing operations in Liquidium at Bitcoin Layer 1. Since its launch, the platform has processed over 102,000 loans, generating $8 million in lender interest and driving $450 million in borrowings.
The protocol supports order, runes and BRC-20 tokens as collateral through multi-signature, discreet logging agreements for partially signed Bitcoin transactions (PSBT) and escrow.
In many cases, traditional implementations require wrapping native assets or moving them to a secondary network. Liquidium’s approach maintains Bitcoin network residency throughout the staking process.
The company plans to expand its defi ecosystem through its staking framework, focusing on native Bitcoin operations.
It is mentioned in this article
(tagstotranslate)bitcoin