UTXO Stack announces its transformation into a Lightning Network staking layer and plans to launch a token incentive mechanism
ChainCatcher news, UTXO Stack announces its official transformation into a Lightning Network staking layer. It aims to provide better liquidity and a better yield model for the Lightning Network through a decentralized staking protocol.
At the same time, UTXO Stack plans to launch a token incentive mechanism to encourage staking of CKB and BTC to enhance the liquidity of state channels. This transformation will push the Lightning Network towards the public by providing liquidity incentives, building a more scalable Bitcoin ecosystem.
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