There’s something different about seeing the first BTC reward actually hit your wallet! The @Stacks Genesis Bitcoin Staking Bond began as a thesis and has now proven that Bitcoin can serve as productive capital. BTC was put to work blockstack:native earned $BTC

I’ve been testing an sBTC loop on Zest Protocol on @Stacks. They're currently running an incentive campaign for 0.5 BTC every month. Here's a quick farming guide↓ 1. $sBTC + $USDCx This is the loop I tested first, since USDCx borrowing is also part of the incentive campaign. → Supply sBTC on @ZestProtocol → Borrow 40-50% USDCx against it → Swap the USDCx into more sBTC → Supply that sBTC back into Zest → Repeat several times I’m personally aiming for roughly 50-55% LTV. With USDCx debt, partial liquidation starts at 70%, so that leaves me roughly a 15-20% BTC drop before reaching the liquidation threshold. Just keep monitoring the price, and it'll be okay. 2. Other loops USDCx isn’t the only asset you can borrow against sBTC. The debt you choose basically changes what you’re trying to achieve with the loop: → sBTC Borrow sBTC and resupply it. Since the collateral and debt move together, there’s much less price mismatch, which is why Zest allows up to 80% LTV. → USDh Works similarly to my USDCx strategy. Borrow the stablecoin, swap it into more sBTC, then resupply. The difference right now is that USDCx borrowing qualifies for the new incentives. → STX / stSTX Borrow either asset, swap it into sBTC, and resupply. This becomes more of a relative-value trade because you benefit if sBTC performs better than the asset you borrowed. The last one carries much more cross-asset risk, which is reflected in the much lower 30% max LTV. So all three are pretty similar. The main difference is the level of cross-asset risk. Again, I'd go for borrowing USDCx because of the incentive campaign. 3. TL;DR For this, I'd say choose a strategy based on your short-term outlook for Bitcoin: → Bullish on BTC - USDCx/USDh debt gives the most direct leveraged BTC exposure. → Neutral on BTC - sBTC debt makes the most sense if the supply/borrow spread and incentives justify it, since I’m not really taking a BTC directional bet. → Bearish on BTC - sBTC debt is the more defensive loop because the collateral and debt fall together. Realistically tho, reducing leverage is safer than trying to optimize a loop for a BTC drawdown. Overall, there’s no single best loop here. Personally, my focus is on the incentives. Disclosure: I’m a long-time $STX holder and Stacks supporter.

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DeFi yield opportunity from Zest Stacks endowment is funding Zest lending market with around 0.5 BTC in $STX every month, and it gets split evenly between two actions > the easiest one is just supplying sBTC, no loan, no vault, around 0.6% APY when including the $STX incentive rewards > the other half goes to USDCx borrowers, but only if your position stays above 20% LTV. the budget is measured in $BTC and paid in $STX, so check what that actually looks like at current prices check more below, already did a small testing supply too

STX is now live on @Bullish. One of the largest venues in the world for BTC spot volume just listed the asset powering Bitcoin-native capital markets. Institutions across 50+ jurisdictions can now access STX where they already trade Bitcoin.

If you stake STX, one action this week: restake. All staked STX unlocked when PoX-5 activated. Restake before Bitcoin block 962,050 and your BTC rewards keep flowing without missing a cycle.

Join us for a Stacks Monthly Ecosystem Update 🟧 The timing is perfect with PoX-5 activated this morning. Hear from leaders on the hardfork, what restaking looks like, and the road to Genesis Bond. Set your reminder ↓

If you stake STX, one action this week: restake. All staked STX unlocked when PoX-5 activated. Restake before Bitcoin block 962,050 and your BTC rewards keep flowing without missing a cycle.