Stateless vs Stateful
BitcoinPods can function in 2 modes:
A stateful BitcoinPod holds funds directly within the Bitcoin address deployed as the BOD, ensuring native control. Applications can enforce custom bitcoin scripts for deploying the BitcoinPod as well as arbitrary valiation logic, making it a playground for financial applications like staking, lending, stablecoin, prediction markets and others.
A stateless BitcoinPod operates more like EigenPods, where the funds are staked in an external protocol but are locked to the BitcoinPod address as the designated withdrawal destination. The funds are not directly within the BOD address during staking but become accessible to it only at the time of unbonding. This mode introduces additional flexibility by enabling interactions with staking protocols while preserving accountability of the BOD as the final authority on fund access. This enables native restaking for AVSs on Eigenlayer.
Was this helpful?