The Stacks ecosystem continues to grow ahead of the Stacks 2.0 launch; today we’re happy to share that Staked will be a Stacks 2.0 launch partner as the chain brings apps and smart contracts to Bitcoin. Staked is the provider of the most diverse staking solutions for crypto assets, an industry leader that helps investors earn rewards from staking and DeFi products without taking custody of their crypto assets.
Staked plans to have the integration-ready at the launch of Stacks 2.0 mainnet, making it easy for STX holders to meet the dynamic minimum requirement to participate in Stacking and earn BTC rewards from the protocol. The chance to earn BTC rewards for supporting consensus between two blockchains is a first for Staked and a first for the industry.
Staked is an early leader in the staking community and has seen first-hand that there is a desire for earning BTC, which has rallied over 60% in the last two months. We’re thankful to have their robust infrastructure supporting STX holders and are excited to share the unique opportunity of Stacking with their users.
“Blockstack is thrilled to partner with Staked,” said Blockstack PBC Co-Founder, Muneeb Ali. “Anchored by the time-tested security of Bitcoin, Stacks brings apps and smart contracts to Bitcoin and enables users to earn the most valued crypto asset, bitcoin. Several STX holders, especially institutional players, will likely participate in consensus through service providers; Staked was a clear choice as a launch partner with their reputation as a leading staking provider with the most available tokens and long track record of success.”
This partnership further lays the foundation for a new chapter in decentralized finance (DeFi). As earning bitcoin becomes more mainstream, we believe Stacking could reinforce bitcoin’s center of gravity throughout the crypto asset ecosystem. Giving users the power to own, earn, and build with the industry’s leading assets is a big leap forward for the user-owned internet.
“Partnering with Blockstack provides a new crypto-asset earning model,” said Staked’s CEO, Tim Ogilvie. “Now our customers can earn bitcoin in this dynamic, groundbreaking way. We are excited to partner with Blockstack and drive future earning possibilities forward together.”
Working with Staked expands the scope of where STX holders can safely and easily earn BTC and affirms Staked’s leadership position in the crypto asset fixed income marketplace. Stacking STX tokens differs from staking Proof-of-Stake (PoS) tokens, where stakers earn rewards denominated in the same crypto-asset staked. As a multi-asset model, Blockstack’s stacking solution extends new earning possibilities to BTC.
Both teams are excited to work together on future events and educational resources, if you’re interested in following this progress, please register at stacks2.com for ongoing updates.
About Staked
Staked helps investors earn yield from staking and DeFi lending without taking custody of their crypto assets. Founded in 2018, the Company runs staking infrastructure for 25 proof-of-stake blockchains and their RAY token delivers the highest yield in DeFi for ETH and stablecoins. Staked works on behalf of leading crypto funds and offers an API that allows custodians, exchanges and wallets to offer these tools to their customers. Staked investors include Pantera Capital, Winklevoss Capital, Digital Currency Group, Parafi Capital, Coinbase Ventures, Fabric Ventures, and other leading blockchain investors. For more information, please visit: https://staked.us/.
