HashStaking and GeekStake have unveiled a liquid staking framework designed for Rune-based tokens on Bitcoin’s layer-1 network.

The framework allows users to stake their tokens while keeping them in native Bitcoin format, utilizing secure wallet technology for full custody control.

Currently, the system supports the staking of tokens adhering to the Runes standard. Users receive liquid representations of their staked tokens—sHASH for HashStaking and sGEEK for GeekStake—so they can continue trading while earning staking rewards. The open-source design enables third-party developers to integrate additional Runes-based assets.

Staking rewards come from protocol-generated revenue rather than token inflation. Both platforms allocate a portion of daily platform revenue to buy back staked tokens, which are then redistributed to participants. This structure is intended to maintain token scarcity while offering sustainable returns.

Technical Implementation

The staking mechanism operates through decentralized Bitcoin wallets with enhanced security protocols. Each wallet executes staking logic independently, without third-party oversight, and all transactions occur on Bitcoin’s mainnet, eliminating the need for wrapped assets or off-chain custody.

According to HashStaking and GeekStake representatives, the framework integrates seamlessly with their existing DeFi offerings. HashStaking’s peer-to-peer lending protocol generates revenue from Bitcoin-backed loans, while GeekStake plans to extend cross-chain lending across Bitcoin, Ethereum, and Solana networks.

Since launch, these platforms have collectively supported a large volume of transactions, generating significant interest for lenders and facilitating borrowing in Bitcoin-based ecosystems. The protocol supports Runes, Ordinals, and BRC-20 tokens as collateral using multi-signature and partially signed Bitcoin transaction (PSBT) technology.

Unlike traditional staking implementations that require wrapping assets or moving them off-chain, this approach keeps tokens native to the Bitcoin network throughout the staking process.

HashStaking and GeekStake aim to expand their DeFi ecosystems through this framework, offering users secure, liquid staking opportunities while maintaining a focus on Bitcoin-native operations.