Bitcoin Staking Bond Sells Out: Bullish Capital & 21shares Earn BTC on Stacks
Bullish Capital and 21shares have sold out their Bitcoin staking bond on Stacks, allowing BTC holders to earn yield through the network's proof-of-transfer
Bullish Capital and 21shares have successfully sold out Bond 3 of their Bitcoin staking initiative on the Stacks network. This bond allows Bitcoin holders to stake their BTC and earn yields through Stacks' proof-of-transfer consensus mechanism, which secures the Stacks blockchain by anchoring to Bitcoin.
The sellout indicates growing demand for Bitcoin-based yield products. Stacks enables smart contracts and decentralized applications (dApps) using Bitcoin as a base layer, offering a way for BTC holders to generate returns without selling their coins. This could expand Bitcoin's utility beyond a store of value.
What you can do with this
Small online business owners holding Bitcoin could explore staking on Stacks via platforms like Bullish Capital or 21shares to earn passive yield. This might be a way to generate additional income from existing crypto assets without selling them, but always assess risks like smart contract vulnerabilities and market volatility before committing funds.
Questions readers ask
What is Bitcoin staking on Stacks?
Bitcoin staking on Stacks lets BTC holders earn yields by locking their Bitcoin to help secure the Stacks network through a process called proof-of-transfer, without moving BTC off the main chain.
How do I earn BTC with Stacks staking?
You can participate through platforms like Bullish Capital or 21shares that offer staking bonds, where you deposit BTC and receive rewards in Bitcoin or Stacks tokens, depending on the bond terms.
Is Bitcoin staking on Stacks safe?
It involves smart contract and network risks, including potential bugs or market fluctuations. Always research the platform and understand the terms before staking.
