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.

ChainCatcher news, according to Cointelegraph, the modular BTC Layer2 one-click chain launching platform UTXO Stack has completed its seed round financing, led by ABCDE and SNZ Capital, with strategic investment from the CKB Eco Fund, and follow-on investments from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab, and Bitcoin Magazine's parent company BTC Inc's venture capital arm UTXO Management.It is reported that UTXO Stack will focus on expanding the Bitcoin ecosystem, helping project developers to launch BTC Layer2 based on UTXO architecture with one click, and natively integrating RGB++ protocol capabilities, allowing seamless interoperability between BTC and Stack parallel Layer2 without the need for cross-chain bridges, and enabling the staking of BTC, CKB, and BTC L1 assets to ensure Layer2 security.UTXO Stack founder & RGB++ protocol author Cipher stated: "If RGB++ solves the issues faced by the original RGB protocol in technical implementation by providing Turing-complete smart contract capabilities for BTC L1 assets through isomorphic binding technology, then UTXO Stack will provide a scalable, stakeable UTXO Layer2 solution for BTC Dapps, achieving seamless interoperability across all chains."CKB Eco Fund Partner Baiyu said: "As more and more UTXO assets based on the RGB++ protocol and other foundational layer protocols are issued on Bitcoin, the implementation of UTXO Stack will bring unprecedented development to the BTC ecosystem. The combination of UTXO Stack and RGB++ will give it unparalleled advantages over other Bitcoin Layer 2 solutions."

ChainCatcher news, OKX Ventures announced its seed round investment in UTXO Stack.It is reported that UTXO Stack is a modular BTC Layer 2 blockchain launch platform at the forefront of expanding the Bitcoin ecosystem, enabling developers to easily launch UTXO model-based BTC Layer 2 solutions. UTXO Stack inherits the excellent technical architecture of Nevos and the RGB++ protocol, incorporating advanced architectures such as One-Time Seals, Client-Side Validation, and Homomorphic Bindings, providing a one-click service to launch UTXO BTC Layer 2 with interoperability achieved without the need for cross-chain bridges.Dora, the founder of OKX Ventures, said, "UTXO Stack provides more possibilities and technical choices for the Bitcoin ecosystem, unlocking the technical potential brought by the Nevos and RGB++ protocols, allowing more developers to build BTC ecosystem-native RGB++ Layer 2 with low barriers to entry. UTXO Stack offers developers the possibility of asset issuance on UTXO and high-performance Appchains, potentially bringing more scalability, lower user thresholds, and more interesting native innovations to the Bitcoin ecosystem. We will continue to monitor the progress of UTXO Stack."