Starknet has launched a series of initiatives aimed at enhancing Bitcoin's utility on its Layer 2 network. The 'BTCFi on Starknet' plan includes the introduction of BTC Staking, allowing users to stake Bitcoin directly on Starknet's Layer 2. Additionally, a 100 million STRK token incentive program has been announced to stimulate activity within the BTCFi ecosystem. Furthermore, Starknet is collaborating with RE7 Capital to offer a BTC-denominated yield product tailored for institutional investors. These initiatives are designed to expand Bitcoin's functionality and attract more participants to the Starknet ecosystem.