Gm 👋
It's done. The PoX-5 hard fork activated this week, and the network is running under the new rules. Here's everything that shipped alongside it.
😋 Stacks Snacks
Stacks activated the PoX-5 hard fork at Bitcoin block 960,230 (on July 30), the consensus upgrade that lays the foundation for Bitcoin Staking. It's the first of the Satoshi Upgrades, with more to follow in August.
Now that the fork has unlocked stacked STX, here's how to restake your STX after the PoX-5 hard fork, with step-by-step instructions across four different apps. You must restake to keep earning BTC rewards.
Granite and Zest were both added to the Borrow on Bitcoin index. Among the protocols listed, Stacks has the cheapest borrowing rates.
👀 Other Tasty Content
STX staking is now live on Ryder One, powered by The Fast Pool. Ryder is one of the original products built on the Stacks ecosystem, so this one's a nice milestone.
Stacy Muur put together a clear explainer on Stacks' self-custodial Bitcoin Staking. A good read if you want the mechanics.
Zest Protocol launched Stacks Vaults: deposit one asset, pick a strategy, and the vault automates the yield. It's Zest's move from a lending market into yield infrastructure.
sBTC now has its own dedicated bug bounty on Immunefi, with rewards up to $250,000 for helping secure the 1:1 Bitcoin-backed asset behind BTC in DeFi and dApps.
ICYMI: the Growing Bitcoin webinar with Bitwise and Fireblocks is up. Catch the replay.
Happy staking, Stakers 😉
Stacks is a Bitcoin layer for smart contracts. It enables decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Stacks exists to unlock Bitcoin’s full potential as the largest, most valuable, durable, and decentralized asset. Learn more here.