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BTCS Inc., a renowned U.S.-based blockchain infrastructure technology company, announced it has entered a strategic partnership with Figment, a leading provider of staking infrastructure.
According to an official announcement today, the partnership, including collaboration with WonderFi, a top digital asset company, will see the companies join efforts to launch the BTCS Staker Protection Plan.
Notably, the partnership aligns with the company’s mission to advance the blockchain ecosystem by addressing critical challenges in wider adoption.
While WonderFi will contribute to the development by joining the pilot program as Figment’s first customer, stakers on the WonderFi-owned Bitbuy and Coinsquare platforms will be the first to enjoy the program’s benefits.
The CEO of BTCS, Charles Allen, commented on the partnership, saying,
“By partnering with Figment and integrating WonderFi as the first participant, we are laying a strong foundation for staker empowerment and ecosystem growth. This partnership exemplifies our dedication to delivering solutions that foster revenue growth and operational excellence.”
Staker Protection Plan Program Set to Go Live
While the launch date has yet to be determined, the announcement revealed that the pilot program is expected to go live on the main net in March 2025 in connection with Ethereum’s Pectra update.
Following its design, the Staker Protection Plan aims to enhance transaction inclusion and state preservation. This addresses a critical pain point for traders and end-users who demand greater certainty for high-value and time-sensitive transactions.
Upon its launch, the program will give end-users greater confidence that their transactions will be included in a particular block.
Moreover, it will address complexities and heightened risks of high-value transactions in cross-chain and cross-venue operations, ensuring timely and predictable trading outcomes.
The Staker Protection Plan Program will also help optimize the staking rewards rate (SRR) for stakes through improved compliance and performance.
Lorien Gabel, CEO of Figment, also commented on the development, saying:
“At Figment, we are committed to driving innovation in blockchain infrastructure to enhance the Ethereum ecosystem and increase adoption. Our partnership with BTCS on this innovative solution demonstrates our dedication to addressing critical challenges in staking operations. By providing solutions that ensure fairness and enhance transaction inclusion, we are fostering a more reliable and fair network for all participants.”
