Gm 👋
We've been talking about productive Bitcoin for months. As of today, it's real. Let's dig in.
😋 Stacks Snacks
It's official: Bitcoin Staking on Stacks is live. The Genesis Bond, the first institutional bonding period, opened with UTXO Management, 21Shares, HashKey Cloud, Sypher Capital, and infrastructure through Fireblocks. Institutional Bitcoin now earns native BTC yield while staying on Bitcoin L1.
Bonding Period 2 is opening now. Capacity is limited and allocated in order, so institutions can register today.
The Block covered the launch: BTC holders can now earn yield paid in Bitcoin while their coins stay on L1, with STX unlocking staking capacity.
Hear from Stacks leadership on what the launch means: the first institutions staking their BTC, how PoX-5 makes it possible, and what opens up at the next bonding period.
👀 Other Tasty Content
Every yield has a payer. In Stacks' Proof of Transfer, it's the miner. Sypher Capital lays it out in The State of Bitcoin Yield 2026.
House of Chimera calls the first bond the first real datapoint for the model, and asks the next question: how it scales as more BTC competes for the same rewards.
Stack Sats campaign is here: 1 BTC a month, 3 BTC total, for putting Bitcoin to work on Bitflow and Zest. Pre-register now, incentives start Sept 16 🟧
Happy staking 🟠
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.