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The Talus Blockchain Incorporates the Bitcoin Liquid Staking Technology, Designed by Ankr

Ankr expands its Bitcoin staking service to the AI-focused Talus blockchain

Ankr, a decentralized blockchain infrastructure provider, is expanding the utility of Bitcoin by introducing liquid staking tokens to the AI-focused Talus blockchain starting May 1.

Key takeaways:

  • Ankr is bringing Bitcoin liquid staking tokens (LSTs) to the Talus blockchain to power AI-driven applications.
  • This initiative will unlock Bitcoin’s liquidity, traditionally confined to its layer 1, enhancing its utility across DeFi platforms.

Starting May 1, Ankr will enhance the capabilities of the Talus blockchain by introducing Bitcoin liquid staking tokens (LSTs), thereby broadening the spectrum of applications for Bitcoin beyond its traditional uses. 

Ankr stated, highlighting the importance of unlocking this liquidity to empower other blockchain ecosystems:

“Bitcoin is not only the oldest blockchain but also continues to have the highest liquidity," 

By utilizing Ankr’s liquid staking service, Bitcoin holders can now stake their BTC through various restaking protocols. This process involves delegating BTC to an operator within a restaking protocol, which then serves as collateral for Ankr to create BTC LSTs. These tokens can be used within the Talus blockchain to power sophisticated AI-driven applications and smart agents, enhancing functionalities such as travel booking, online purchasing, and portfolio management.

Integrating AI capabilities and DeFi innovations

On Talus, BTC LSTs will be instrumental in powering smart agents that are capable of executing complex DeFi transactions, such as multilayer atomic swaps in a single operation—significantly enhancing transaction efficiency and security. 

A Talus representative noted:

“Ankr’s BTC liquid staking unlocks a massive amount of liquidity to ensure that smart agents on Talus can execute simultaneous DeFi transactions like atomic swaps seamlessly,” 

This integration follows Ankr’s initial launch of its Bitcoin liquid staking product in early March in collaboration with the Babylon protocol, which allows users to earn yields from their staked bitcoins securely. The yield earned is then funneled back to the users’ locked Bitcoin, with the Babylon protocol currently in the testnet phase and a mainnet launch expected later this year.

Despite the ongoing market correction, the Bitcoin DeFi ecosystem has witnessed substantial growth, demonstrated by the success of projects like SolvBTC. This omnichain yield-generating protocol has already amassed a total value locked of $700 million and recently surpassed 10,000 BTC staked with over 92,000 participants shortly after its launch.