Let me discuss the BRC20-S staking system that I'm aware of.
This system was introduced by the O .K exchange. Staking your BRC20 tokens allows you to receive new BRC20-S tokens. Of course, someone needs to create staking pairs.
I personally created the first staking pairs for BRC20-S, including the first Rats token staking pair and the first BTCs staking pair. In just a few days, dozens of people participated in staking, and the Total Value Locked (TVL) surged to several hundred thousand U. These pairs consistently ranked on the first page, gaining popularity. However, when O .K exchange noticed this, they seemed envious and manually set the TVL to zero, removing them from the rankings. Given that Rats and BTCs are actively traded BRC20 tokens, having zero liquidity in TVL is clearly a manual adjustment.
In conclusion, BRC20-S appears to be a centralized engraving system by O .K exchange, and a rather shameless one at that. It deserves criticism.
Prosper together or decline together. The ARKB community's motto has never been about vying for positions in the BRC20 race. As the first Bitcoin spot ETF code expected to be approved by the U.S. SEC, ARKB has always been focused on and committed to the idea: 'Empower three billion people with a Bitcoin wallet!' This is the true philosophy of our community. Rejecting intercutting over existing market shares, fostering the entire Bitcoin ecosystem's growth is what we should strive for. Mutual prosperity is the future and purpose of BRC20! Let's join hands and together, compose a beautiful new chapter in the future development.
#BTC #BRC20 #brc20s #ARKB #rats
