Stacks Updates
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Stacks updates and announcements.
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STX is now live on Bullish.

One of the largest venues in the world for BTC spot volume just listed the asset powering Bitcoin-native capital markets.

Institutions across 50+ jurisdictions can now access STX where they already trade Bitcoin.
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New: Bitcoin staking through the Xverse pool is open.

Pair BTC with STX on Stacks and earn Bitcoin yield on Bitcoin.

Rewards start September ~10 with the first every bonding period for Bitcoin staking.

There is limited capacity available: https://x.com/xverse/status/2096945845568753878?s=20
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Self-custodial Bitcoin staking goes live in 3 days.

Anchor participants in the first Genesis Bond include UTXO (a Nakamoto Inc. company), HashKey Cloud, and 21shares.

Not on the whitelist? Pooled Bitcoin staking is open to anyone via the Xverse pool.
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Bitcoin Staking on Stacks is officially LIVE.

UTXO Management, 21 Shares, HashKey ,Sypher Capital and Fireblocks 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.

https://x.com/Stacks/status/2098033754044600628?s=20
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Bitcoin has always priced as a passive asset: no income, no yield, just custody and appreciation.

When Ethereum moved to proof of stake, ETH gained a native yield, and the market began pricing ETH treasury companies differently from Bitcoin treasury companies with no comparable income.

The asset changed, so the price logic changed. Bitcoin hasn't made that shift. Most of the supply sits idle, earning nothing.

Bitcoin Staking changes that without changing what Bitcoin is. BTC stays on Bitcoin L1, under the holder's own keys, and starts generating yield through Proof of Transfer.
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The Genesis Bond is live: a new era for Bitcoin yield begins with Bitcoin Staking.

Institutions making their Bitcoin productive, without it ever leaving Bitcoin L1.

UTXO Management, Sypher Capital, 21shares, and HashKey Group are the first in.
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Institutional pushback on Bitcoin Staking usually comes down to one question: whose keys, and what can the lock-up actually do.

With Stacks Bitcoin Staking, institutions keep their own setup, a hardware wallet or an MPC partner such as Fireblocks or Fordefi, and stay in direct control of the BTC principal throughout.

The lock-up itself is a UTXO time lock, with fixed conditions set in advance for what it can and cannot do, not a wrapped asset carrying extra protocol risk.

That's native BTC, doing exactly what it was built to do, under keys that never leave your control.
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Bitcoin on Stacks just picked up a new way to earn.

Stack Sats program puts 1 BTC each month through December 10 into the hands of anyone putting sBTC, STX, or USDCx to work on Stacks DeFi.

Half goes to Bitflow: trade or provide liquidity on the sBTC/USDCx and STX/USDCx pairs. The other half goes to Zest, supply sBTC or borrow USDCx against sBTC or STX collateral at 20%+ LTV. 

Get sBTC, STX, or USDCx into a self-custodial wallet and benefit from the DeFi rewards program: https://www.stacks.co/blog/stack-sats-the-1-btc-a-month-defi-rewards-program-on-stacks
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Bitcoin has historically been treated primarily as a store of value rather than an income generating asset.

The Genesis Bond introduces a different model: Bitcoin can participate in Bitcoin Staking on Stacks and earn BTC rewards while remaining on Bitcoin L1.

The broader idea is similar to what staking introduced for other crypto assets: turning an otherwise passive asset into one that can generate native yield without requiring holders to sell it.

The Genesis Bond is the first step toward bringing that model to Bitcoin.
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A bonded BTC position does one thing: it earns, until the term ends.

Sypher Capital's position in the Genesis Bond goes further.

Bonded through Stacking DAO's liquid staking, the BTC earns Bitcoin Staking yield while the position itself stays liquid, free to move across Bitcoin Native Finance.

That's the shift. The position keeps earning Bitcoin Staking yield, and stays liquid to earn a additional yield anywhere across Bitcoin DeFi.
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Bitcoin has historically been a passive asset.

Bitcoin Staking on Stacks changes that by introducing native Bitcoin yield while allowing BTC holders to keep custody of their capital.

We have seen a similar shift before with ETH. Staking changed it from a passive asset into one with a native source of yield.

Bitcoin is different. The base protocol does not need to change.

Stacks extends what Bitcoin can do through a self custodial staking model built on top of it.
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Bitcoin native finance on Stacks is moving fast.

Zest Protocol’s Stacks Market V2 has passed $13M in outstanding borrows, while 20 BTC is already deployed in its Levered Bitcoin Staking Vault at over 7% APY.

At the same time, 150 BTC has been deposited on Stacking DAO to mint stBTC, earning Bitcoin Staking yield while remaining usable across the Stacks ecosystem.

The 90 day DeFi incentive program is also live to accelerate borrowing and providing liquidity with USDCx and make Bitcoin DeFi even more compelling.

For institutions, the picture is becoming clearer: BTC can earn yield, stay productive and move across an increasingly connected financial layer built around Bitcoin.
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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.
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Bitcoin should not need to change to become more useful.

That has always been the idea behind Stacks.

Stacks extends what Bitcoin can do by bringing yield, programmability, and native finance to BTC without changing the Bitcoin protocol itself.

Stacks Bitcoin Staking is the latest example of that model in practice, enabling self-custodial participation while giving access to sustainable BTC yield.

As Muneeb Ali puts it: the best of Bitcoin and the best of Ethereum, built as one system.
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This week, the Stacks team is out in the world meeting the people building, holding and supporting the ecosystem.

Muneeb Ali and Rena Shah are in Seoul for Korea Blockchain Week, while Alex Miller and Grant Nissly are at the Bitcoin Treasuries Conference.

Beyond the conversations around Bitcoin Staking and Bitcoin native finance, these events are also a chance to spend time with the Stacks community in person.

If you are around this week, come meet the team.
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A few notable updates across the Stacks ecosystem this week.

1) Anchorage Digital will enable institutions to participate in PoX 5 Bitcoin Staking with BTC held at Anchorage, while the principal remains on Bitcoin L1

2) Zest is enabling users to borrow Ethereum USDC against native BTC on Bitcoin L1

3)BoostX is bringing Bitcoin Tags to X, allowing users to tag Stacks ecosystem assets in posts and open an in timeline swap directly from the tag.

Together, these updates show how the Stacks ecosystem is expanding across institutional Bitcoin staking, BTC backed credit and new distribution surfaces for Bitcoin native assets.
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Stack Sats distributes 1 BTC in rewards every month, with 3 BTC in total rewards available through December 10.

The program rewards activity across two Stacks apps:
- On Bitflow, trade or provide liquidity in the sBTC/USDCx and STX/USDCx markets.
- On Zest, supply sBTC or borrow USDCx against sBTC or STX collateral.

Each app distributes 0.50 BTC per month, with rewards paid monthly to qualifying participants.

The goal is straightforward: put more Bitcoin and dollar liquidity to work across the Stacks ecosystem, while rewarding the activity that keeps these markets useful.

Learn more about the different tracks and how to participate:
https://www.stacks.co/blog/stack-sats-the-1-btc-a-month-defi-rewards-program-on-stacks
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Most Bitcoin held by institutions earns nothing because many routes to yield require taking on additional custody, counterparty or bridging risk.

For an allocator managing other people’s capital, that trade can be difficult to justify.

Bitcoin Staking with Stacks is designed differently. Principal stays on Bitcoin L1, locked through Bitcoin script, with no bridge, no wrapper and no slashing of BTC.

With Anchorage Digital custody support for Bitcoin Staking, institutions can participate without moving their Bitcoin outside the custody infrastructure they already use.

That matters because the same institutional controls used to custody Bitcoin can now extend to participation in Bitcoin Staking.

Learn more: https://www.stacks.co/bitcoin-staking
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