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Stroom
Stroom is a Bitcoin liquid staking protocol that enables users to generate native BTC yield through the Lightning Network while receiving a liquid token (stBTC) that can be used in DeFi.
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Description
Stroom is a Bitcoin liquid staking protocol designed for BTC native yield generation, providing a liquid token (stBTC) that operates within the DeFi ecosystem. It enables liquidity providers to earn low-risk revenue on their Bitcoin while receiving a DeFi-compatible wrapped BTC. The protocol utilizes the Lightning Network to generate native BTC yield. Users can deposit their BTC into the validator-secured Stroom protocol, mint stBTC, and then use this liquid token across DeFi platforms to accumulate rewards. The platform also features a Stroom Lightning Node for those seeking to provide or gain inbound liquidity, and plans to integrate other revenue sources in the future.Grant Funding
VC Funding
None
2023
$0
$3.5M