London, UK, April 8th, 2024, Chainwire

StakeLayer, a pioneering Restaking platform operating on Bitcoin L2, has marked a significant milestone by successfully concluding two phases of its Presale, securing over $500,000 in funding.
During the Presale, early participants have an opportunity to purchase $STAKE – native token of StakeLayer ecosystem. Holders will be able to use their tokens to potentially get additional rewards from vaults and participate in DeFi activities. 
StakeLayer’s groundbreaking EigenLayer for Bitcoin introduces a paradigm shift in Bitcoin’s Layer 2 landscape, revolutionizing interactions with the premier cryptocurrency through innovative Restaking capabilities. Token Generation Event is scheduled for Q2 2024. 

Inspired by Ethereum’s EigenLayer, StakeLayer implements a bespoke restaking mechanism tailored specifically for Bitcoin. This mechanism empowers Bitcoin holders to unlock additional rewards by actively participating in Proof-of-Stake activities

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