After a sold-out first bond, most of Bond 2 flows to Stacking DAO's stBTC, letting holders earn BTC staking rewards while putting the same position to work across Stacks. New York, NY, Octobe
After a sold-out first bond, most of Bond 2 flows to Stacking DAO's stBTC, letting holders earn BTC staking rewards while putting the same position to work across Stacks.
New York, NY, October 5, 2026: Stacks (STX) today announced Bond 2, its second Bitcoin staking bond, with the majority of its 500 BTC capacity allocated to Stacking DAO, the longest-running liquid staking protocol on Stacks. Bitcoin holders who stake through Stacking DAO receive stBTC, a liquid token that earns BTC rewards from Bitcoin staking and can be used across financial applications on Stacks while the underlying position stays bonded. Bond 2's bonding period locks on October ~8 and starts earning Bitcoin on October ~10.
Bond 2 follows the Stacks Genesis Bond, which sold out in September with 230 BTC enrolled by anchor participants including UTXO Management, 21shares and HashKey Cloud. Stacks Labs shared that new custody providers like Anchorage Digital are currently completing their Bitcoin staking integrations, with new institutions and larger institutional allocations expected in future bonds as those integrations go live.
"In traditional markets, a Treasury bond can earn its coupon and back a loan at the same time, and that simple idea supports a repo market worth trillions of dollars a day," said Muneeb Ali, Founder of Stacks and CEO of Stacks Labs. "Bitcoin never had that option because it earned nothing while it sat still. Staking made Bitcoin productive. With Bond 2, the same staked Bitcoin also works as collateral. This type of capital efficiency is what Bitcoin capital markets are built on."
The mechanics are live today. A holder stakes BTC with Stacking DAO, receives stBTC, and can pledge that stBTC on Zest Protocol to borrow USDC while the underlying Bitcoin keeps earning staking rewards.
"Bitcoin has never had a true efficient capital economy of its own, and stBTC for Bitcoin staking on Stacks is our answer to that gap," said Tycho Onnasch, Core Contributor, Stacking DAO. "Holders can earn Bitcoin yield while keeping their capital liquid, and they get an asset they can keep using across Stacks for additional returns."
Bond 2 is the first real test of Bitcoin moving deeper into capital markets as productive capital. With most of the bond held as stBTC, the ecosystem gets its first large-scale read on where staked Bitcoin gets deployed and how demand behaves when a staked position keeps working. That data will inform capacity sizing as Bitcoin staking moves toward the open, auction-based model planned for PoX-6, while core contributors research further uses built on staked BTC, including self-custodial Bitcoin lending, where holders borrow against natively staked Bitcoin while the collateral stays under their control.
Bitcoin staking on Stacks grows in capacity bond by bond during its bootstrap phase, with participation through whitelisted self-custodial bonding for institutional participants and through pooled liquid staking on Stacks for everyone else. Bitcoin holders can join Bond 2 through Xverse and Stacking DAO, and full bond details are available at stacks.co/bitcoin-staking.
For more information, read the full blog post.
About Stacks
Stacks is the leading Bitcoin L2, enabling smart contracts and decentralized applications to use Bitcoin as a secure base layer. Stacks extends Bitcoin’s functionality without modifying Bitcoin itself, unlocking BTC for decentralized finance and other onchain applications.
Learn more at stacks.co.
About Stacking DAO
Stacking DAO is the STX Stacking infrastructure powerhouse for the most prominent Bitcoin L2.
Learn more at stackingdao.com
Media Contact: Shannon Voight, PR & Events, [email protected]
