Stacks Launches Genesis Bond Targeting 3% Annual Yield in BTC
- —Genesis Bond raised 230.17 BTC, with weekly payouts starting September 17
- —Target yield is 3% a year in BTC but depends on miner contributions
- —The native bond locks BTC for about six months and requires STX equal to 5% of the position
- —Second issuance is set for October 10 at 267,384 STX per BTC
Why it matters: The scheme offers BTC holders bitcoin-denominated yield without handing over coins, but payouts hinge on Stacks miner activity.
Source: DiarioBitcoin