Bitcoin Staking on Stacks is officially LIVE.
@UTXOmgmt, @21shares, @HashKeyCloud, @syphercapital, and @FireblocksHQ are the inaugural participants in the Genesis Bond, the first institutional bonding period.
Institutional Bitcoin now earns native BTC yield while staying on Bitcoin L1.
Bitcoin Capital Markets need a Bitcoin-native financial payment layer for social networks.
@Stacks can do this, powered by STX. This is what we're building at BoostX.
Institutions lead adoption, prove the product with real capital, and that trust is what brings Bitcoin into Stacks and puts it to work for everyone who follows. Via @muneeb
JUST IN: Anchorage Digital brings institutional Bitcoin staking to Stacks
Following the PoX-5 upgrade, institutions can earn BTC rewards through Stacks while keeping their Bitcoin on Bitcoin L1 under secure custody.
Bitcoin Staking removes bridge risk, smart contract risk, and forced sale risk, concentrating everything into one transparent, underwritable STX position. Thoughts from @muneeb:
NEW: @Anchorage is building support for Bitcoin Staking on Stacks.
Institutions can enroll and fund a BTC Bond directly via their Anchorage account, earn weekly BTC rewards, and reclaim principal at maturity.
BTC stays in custody at a federally chartered bank on Bitcoin L1.
Anchorage Digital is enabling institutional Bitcoin staking with @Stacks.
With the PoX-5 upgrade, institutions will be able to earn BTC rewards while their Bitcoin stays on Bitcoin L1 in secure custody.
Learn more:
anchorage.com/press-room/anc…
wait so i can keep native BTC on bitcoin and borrow USDC on ethereum against it
without wrapping or bridging anything
did my digital pet rock finally learn a trick
What’s better than stacking sats?
Putting them to work while they stay on Bitcoin L1.
@Stacks Bitcoin Staking unlocks native bitcoin:native rewards, with Ankr securing the system as part of their signer network.
Keep Bitcoin simple. Build the capability around it. That's the whole idea behind Stacks, and it's why your BTC never has to leave Bitcoin to become productive. Via @alexlmiller 👇