ETH has 38.6M staked. SOL has 426.3M actively staked (around 68% of supply). Bitcoin is a $1.6T asset and still doesn’t have a clean self-custodial yield layer. That’s the gap @Stacks is filling. Most BTC yield products ask you to trust someone the second yield enters the chat. You wrap it, bridge it, hand it to a custodian, & pray nothing breaks. Stacks is taking a different route: • Keep BTC on Bitcoin L1 • Keep your own keys • Earn BTC-denominated yield • No wrapping or custody handoff The new design introduces protocol bonds where BTC and STX are paired together, reserve buffers to smooth rewards, and a structure built more for long-term BTC capital than short-term liquidity farming. Stacks’ existing PoX system has already distributed 4,200+ BTC since January 2021. The whitepaper extends that engine so BTC becomes the yield-bearing asset, instead of STX being the only path in. Bootstrap targets are pretty clear: 3,000 BTC initial capacity, 5% minimum STX ratio, and a 3% BTC APY target. The bigger bet is really simple. ETH and SOL became productive assets through staking. Stacks thinks BTC eventually moves that way too, just without compromising on custody. If they’re right, BTC-native yield is a way bigger market than people think. Pleased to partner with @Stacks on this announcement.(Edgy - The DeFi Edge 🗡️)