Stacks launched the Genesis Bond on September 10, aligned with Bitcoin block 966,350, with four institutions collectively locking approximately 250 BTC: 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital. Participants lock their BTC on Bitcoin Layer 1 using a timelock script for six months, with coins never leaving the base chain, while holding a STX position worth approximately 5% of their Bitcoin position. The targeted 3% APY is paid weekly in BTC and comes from Stacks miners through the Proof-of-Transfer mechanism, which has redistributed over 4,200 BTC since January 2021, valued at more than $500 million at historical prices. A second bonding period is planned for October 2026 with expanded capacity.
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