Xverse launches pooled Bitcoin staking letting users earn BTC yield without losing custody

Xverse, a self-custodial Bitcoin wallet, has launched a pooled Bitcoin staking product allowing users to earn Bitcoin-denominated yields without giving up control of their coins. The staking uses sBTC on the Stacks network paired with STX tokens, keeping the underlying Bitcoin on Layer 1 under user control. Enrollment is open until September 9 or until capacity is reached, with rewards starting around September 10. This product aims to increase demand for STX and offers a non-custodial alternative for Bitcoin yield, though it carries risks like smart contract exposure and the need to hold STX tokens.