Loka is a Meta Layer with Native Yield Protocol for Bitcoin that accrues value from the Bitcoin mining economy.
Started from hobbyists mining from their own computers back in the early days, Bitcoin mining has transformed into a multibillion-dollar industry with over $12B paid in block rewards and transaction fees annually.
For ordinary individuals, mining Bitcoin now has a high barrier to entry due to the significant capital expenditure (CAPEX) needed and also extensive knowledge required to operate the hardware.
Additionally, access to cheap electricity is crucial. If you reside in the US or EU, the energy price much higher than the mining reward itself, making it almost impossible to mine Bitcoin at home.
Bitcoin miners constantly require new capital to upgrade their hardware and expand their operations due to the increasing scarcity and value of block rewards from the Bitcoin network after each halving.
Large mining companies especially in North America can easily access capital and cheap energy to scale their operations by selling their public shares via an IPO.
Smaller companies and individual miners? Not so many options.
Loka aims to foster a fully-functional economy on top of the Bitcoin network. The goal is to facilitate and accelerate mass adoption by decentralizing the Bitcoin mining ecosystem.
We're providing everyone with access to Bitcoin mining rewards and miner liquidity directly into DeFi.