- OKX introduces the BRC-30 protocol, an open-source protocol for staking BRC-20 tokens and Bitcoin to earn BRC-30 tokens.
- OKX Wallet will soon support the BRC-30 standard, allowing users to earn passive income through staking without active trading.
- The goal is to provide users with more opportunities to participate in the Bitcoin ecosystem and earn passive income.
OKX, a leading Web3 company, announced its proposal for a new open-source BRC-30 protocol that allows BRC-20 tokens and Bitcoin to earn BRC-30 tokens on Thursday. The protocol is open-source and accessible for all developers to use.
According to the protocol, OKX Wallet will add support for the BRC-30 standard, allowing users to earn passive income by staking BRC-20 tokens or Bitcoin on Web3 without actively trading them. This adds to the platform’s already extensive selection of curated DeFi-earning products.
OKx’s goal in introducing BRC-30 and its staking functionality is to provide users with additional opportunities to participate in the Bitcoin ecosystem and earn passive income.
Jason Lau, OKX’s Chief Innovation Officer, stated, “We’re thrilled to have proposed and pioneered the BRC-30 standard to enable Bitcoin and BRC-20 token staking. With the OKX Wallet soon incorporating BRC-30 support, users can access Bitcoin staking and earn opportunities across multiple chains. With the Bitcoin ecosystem seeing an explosion of new development, we’re proud to work with developers and projects across the community to contribute to the growth of the wider ecosystem.”
OKX has long supported Bitcoin, incorporating the Lightning Network into its centralized exchange over two years ago. OKX Wallet is also the first multi-chain wallet to keep BRC-20 trading, as well as the viewing and transfer of Bitcoin Ordinals, with the launch of its Ordinals Marketplace.
About OKX
OKX is a leading global technology company driving the future of Web3. It offers a comprehensive suite of products for beginners and experts alike, including the OKX Wallet, NFT Marketplace, DEX, and Web3 Earn.
OKX collaborates with a number of the world’s top brands and athletes, including Manchester City F.C. of the English Premier League, McLaren Formula One, the Tribeca Film Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As one of the leaders in developing innovative technology products, OKX believes in challenging the status quo. The company recently launched The System Needs a Rewrite, a global brand campaign that advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.
Download the OKX app or visit their website to learn more about OKX.
