Stacks launches Genesis Bond, opens enrollment on Sept 10

Stacks is rolling out what it calls the Genesis Bond, a new on-chain instrument that lets participants earn Bitcoin-denominated yield while keeping their BTC firmly planted on Bitcoin’s base layer. Enrollment opens September 10, 2026, at Bitcoin block 966,350. Instead of locking your BTC into a bridge, wrapper, or some third-party custody arrangement, the Genesis Bond lets holders pair STX tokens with BTC and earn yield generated through Stacks’ Proof of Transfer consensus mechanism. The BTC never leaves layer 1. How the Genesis Bond actually works The Genesis Bond is the inaugural product in Stacks’ broader Bitcoin Staking framework. The yield comes from miner bids through Proof of Transfer, or PoX, the consensus mechanism that underpins the Stacks network. In PoX, miners spend BTC to participate in block production on Stacks. That spent BTC gets distributed to participants who are stacking their STX tokens. The Genesis Bond extends this model by creating a formal pairing mechanism between STX and BTC, giving both tokens a defined role in the yield equation. The initial phase is deliberately small. Stacks is targeting 100 to 200 BTC in total allocation, with participation limited ...