Crypto
Xverse Unleashes Self-Custodial Bitcoin Staking with Pooled Access
Xverse, a self-custodial Bitcoin wallet, has launched a pooled Bitcoin staking product that allows users to earn yields without handing over their coins to a third party.
The staking pool, which went live on September 7, relies on sBTC, a Bitcoin-backed asset on the Stacks network. Users pair sBTC with STX during a PoX-5 bond period and earn Bitcoin yields.
The key selling point is that the underlying Bitcoin stays on Layer 1, under the user's control at all times. No wrapping or bridging to another chain is required.
Xverse partnered with institutional anchors UTXO, HashKey Cloud, and 21shares for this product, which ships with Xverse v2.9. If you have sBTC and STX, you're eligible, assuming capacity hasn't already been reached.