Ryder Wallet enables STX restaking ahead of August 12 deadline

Every staked STX token on the Stacks network is currently sitting idle, waiting for its owner to do something about it. The PoX-5 hard fork, which activated on July 30 at Bitcoin block 960,230, unlocked the entire pool of staked STX in one fell swoop. Now Ryder Wallet has rolled out a feature letting users restake directly from its app before the window closes around August 12. Miss that deadline, defined by Bitcoin block 962,050, and you sit out cycle 141 entirely. No rewards, no yield, just tokens gathering digital dust. What PoX-5 changed and why restaking matters Stacks operates a consensus mechanism called Proof of Transfer, where Bitcoin miners commit BTC to earn the right to mine Stacks blocks. STX holders who “stack” (Stacks’ term for staking) their tokens receive a share of that committed BTC as yield. It’s one of the few setups in crypto where staking rewards come from actual economic activity on another chain rather than from inflationary token printing. The PoX-5 upgrade was effectively a hard fork that reset the staking landscape. All previously locked STX tokens were released, meaning every single staker needs to actively opt back in under the new rules. Think of it l...