For years, Bitcoin holders had 2 choices:
1οΈβ£ Self-custody and earn nothing
2οΈβ£ Bridge, wrap, or lend BTC to chase yield
Bitcoin Staking on @stacks introduces a 3rd option:
3οΈβ£ Native BTC yield with self-custody
PoX-5 SIP makes blockstack:native the key to unlocking $1.5T in idle capital π
Excited to be sharing the first draft of the PoX-5 SIP, the proposal that introduces Bitcoin Staking to Stacks.
We invite feedback from the community and core contributors before it moves to a ratification vote.
Read the draft and share your thoughts:
https://t.co/VQzpwpHPv3
State of @Stacks Q4
Key Update: Stacks finalizes the Nakamoto upgrade and launches sBTC, the first decentralized Bitcoin (BTC) peg allowing smart contracts to write back to Bitcoin.
QoQ Metrics π
β’ Network revenue β¬οΈ 117.95%
β’ Daily active addresses β¬οΈ 62.47%
β’ Daily transactions β¬οΈ 27.36%
Read the full report π
https://t.co/TOZMJgQvq4
The deal is done. A quick impact analysis-
Nakamoto holds ~ 5,064 BTC.
At $73k BTC, thatβs ~ $370 million.
To access 3% yield on their Bitcoin, theyβd need to acquire ~ $18.5 million in blockstack:native.
Millions of dollars in buying pressure is coming to @Stacks in the coming months. π§
BIG news.
@UTXOmgmt, the Bitcoin native asset management arm of Nakamoto Inc., is the inaugural participant in Bitcoin Staking on Stacks.
This means institutional BTC earning BTC yield, without ever leaving the base layer.