Stroom Network is a liquid staking protocol that connects the Bitcoin Lightning Network with EVM-based blockchains, allowing users to earn routing fees without locking up their BTC or managing node infrastructure. By providing liquid stBTC tokens, Stroom enables users to maintain liquidity while participating in the DeFi ecosystem and generating daily network rewards.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Bitcoin holders are unable to simultaneously earn yield from the Lightning Network and participate in DeFi ecosystems due to the need to lock up BTC or manage complex node infrastructure. This creates an opportunity cost for BTC holders who want to maximize their returns.
Solution
Stroom Network is a protocol that bridges the Bitcoin Lightning Network and EVM-compatible blockchains, enabling users to earn routing fees without the burdens of locking up BTC or managing Lightning nodes. By depositing BTC into the Stroom protocol, users receive liquid stBTC tokens on Ethereum, which can then be used across the DeFi ecosystem. This allows users to earn native BTC yield through Lightning Network routing fees while maintaining liquidity and accessing DeFi opportunities. The protocol is secured by validators, ensuring the safety of deposited BTC.
Target Audience
The primary target audience includes Bitcoin holders seeking to earn yield on their BTC while maintaining liquidity, as well as DeFi users looking to access BTC-backed assets within EVM-compatible ecosystems.
Features
- Deposit BTC and receive liquid stBTC tokens on Ethereum
- Earn native BTC yield through Lightning Network routing fees
- Use stBTC across the DeFi ecosystem for additional yield opportunities
- Validator-secured protocol ensuring the safety of deposited BTC
- Monitor performance and optimize strategies through the Stroom app
- Connect to the Stroom Lightning Node to provide or seek inbound liquidity