The LST Issuers

Liquid Staking Token issuance is the entry point to BTC staking, it provide users with the ability to stake their BTC while still maintaining liquidity through LSTs. So that LST issuers play a key role in the success of BTC staking — just like we’ve seen with Lido on Ethereum.

However, BTC LST issuance is a bit more complex than in Ethereum. It involves interactions between the EVM and the BTC mainnet. For instance, LSTs are typically issued on EVM chains, while most of the actual staking transactions take place on the BTC network. So that a transparent and secure mechanic is needed for the trust of users, this is why the role of Staking Validator is introduced into the ecosystem.