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About Stroom Network
Stroom Network is a Bitcoin liquid staking protocol that allows users to deposit BTC to receive strBTC tokens and earn yields through Lightning Network routing fees, BitVM2 operator staking, and more. Its core narrative is to provide "economically secured yield-bearing BTC," leveraging restaking infrastructure (e.g., Eigenlayer, Symbiotic) to secure the bridge and address counterparty risks and opportunity costs in Bitcoin bridging.
However, Stroom faced a major crisis in the past six months. According to Hindenrank's monitoring, its total value locked (TVL) plummeted from $14.6 million to $21,000 between March 5 and 26, 2026, a 99.9% drawdown, with no public announcement or post-mortem, suggesting a coordinated exit or quiet wind-down. The protocol remains technically live but has no meaningful liquidity, with a risk grade of C (elevated risk) and a value grade of D. Investors should be cautious about the protocol's actual operational status.
Stroom Network, a liquid staking protocol on Lightning Network, has recently seen a key team change: co-founder and CTO Slava Zhygulin has departed. He joined in November 2021 and left in May 2026. As a co-founder, he was deeply involved in protocol design and development. His departure may impact the project's technical direction and governance, and attention should be paid to how the team fills the gap.
This change marks a significant shift in the core team, and the project's future development will be closely watched.