Partnership and Pilot Program Highlights
BTCS Inc. (Nasdaq: BTCS) and Figment Inc. have partnered to launch the Staker Protection Plan, a solution designed to enhance transaction inclusion and state preservation for traders and end-users. WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) will join as Figment’s first customer in the pilot program.
The Staker Protection Plan
This solution is designed to provide key benefits, including:
- Providing end-users with greater confidence that their transactions will be included in a particular block.
- Addressing complexities and heightened risks of high-value transactions in cross-chain and cross-venue operations, ensuring timely and predictable trading outcomes.
- Optimizing staking rewards rate (SRR) for stakers through improved compliance and performance.
Pilot Program and Partners
The pilot program is expected to go live on mainnet in March 2025 in connection with Ethereum’s Pectra update. WonderFi’s participation will allow stakers on the WonderFi-owned Bitbuy and Coinsquare platforms to be the first to enjoy the benefits of the program.
About BTCS
BTCS Inc. is a US-based blockchain infrastructure technology company focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. The company has honed its expertise in Ethereum network operations, particularly in block building and validator node management.
About Figment
Figment is the leading provider of staking infrastructure, providing the complete staking solution for over 700 institutional clients and $15 billion in assets staked across asset managers, exchanges, wallets, foundations, and banks.
About WonderFi
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products. The company has a proven track record of launching new products and obtaining applicable licenses.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release.
Conclusions
The Staker Protection Plan is a significant step forward in enhancing the blockchain ecosystem, addressing critical challenges in wider adoption. The partnership between BTCS, Figment, and WonderFi is a testament to the commitment to advancing the blockchain ecosystem and empowering stakers.
FAQs
Q: What is the Staker Protection Plan?
A: The Staker Protection Plan is a solution designed to enhance transaction inclusion and state preservation for traders and end-users.
Q: Who is participating in the pilot program?
A: WonderFi will join as Figment’s first customer in the pilot program.
Q: When is the pilot program expected to go live?
A: The pilot program is expected to go live on mainnet in March 2025 in connection with Ethereum’s Pectra update.
