Loka Mining has introduced a pioneering protocol featuring a decentralized bitcoin mining pool, designed to enable miners to vend future rewards to institutional investors at discounted rates while facilitating immediate liquidity for operational needs.

In collaboration with sustainable mining entity Hashlabs, this initiative targets firms affected by recent market adjustments, offering a strategic hedge against volatility.

Loka plans to launch an open-access protocol granting investors below-market access to bitcoin through forward hashrate agreements directly sourced from miners, as detailed in a recent press release. These agreements will be backed with overcollateralization and tokenization to ensure swift secondary market liquidity.

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“We have observed significant interest among major investors seeking enhanced bitcoin access, made possible by Hashlabs’ robust hashrate supply and miner accessibility, devoid of counterparty risks,” stated Andy Fajar Handika, Loka’s founder.

Handika emphasized, “This protocol delivers non-custodial, trust-minimized bitcoin access, rewarding miners for their indispensable network contributions.”

Loka’s esteemed supporters include BTC Startup Lab, Dfinity Foundation, Outlier Ventures, and Kilonova Ventures.