HashKey Cloud will join Stacks’ Genesis Bond pilot by time-locking Bitcoin on the base layer while retaining the keys, with a position paired to STX worth roughly 5% of the committed Bitcoin. The structure avoids lending and custody transfers, but returns depend on STX exposure, miner economics, and Stacks network activity. The pilot targets about 3% annualized from BTC committed by miners, payable over 24 reward cycles over six months, or roughly 1.44% if the target is realized. HashKey’s allocation was not disclosed and the total BTC committed is expected to become visible on-chain around Sept. 10. A flaw in PoX-5 code regarding the bond rollover path remains unpatched to date.
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