New York, USA, July 25, 2024, Chainwire
Xverse, the leading Web3 wallet, has partnered with Acre to offer a native Bitcoin-in, Bitcoin-out staking experience. This partnership gives users the ability to earn BTC-based rewards, marking a new category in Bitcoin innovation.
Thanks to this partnership, Xverse users can now effortlessly put their BTC to work on Acre, directly from the Bitcoin mainnet through their existing Xverse wallet. Acre’s fully on-chain staking experience removes the complexity of participating in the Bitcoin economy with its “one-click” feature to access Bitcoin rewards.
Ken Liao, CEO of Xverse, expressed his enthusiasm: “We are thrilled to partner with Acre to offer our users a seamless Bitcoin staking experience. This partnership opens up a significant market opportunity by allowing Xverse users to earn rewards on their Bitcoin holdings while maintaining full control over their assets.”
Acre, the latest addition to the 10-year-old Bitcoin studio Thesis.co portfolio, continues the evolution of BitcoinFi with a transparent way for HODLers to earn rewards for their BTC. This partnership allows Xverse users to unlock the potential of their idle Bitcoin holdings and earn on both Mezo and Acre through Acre’s native BTC staking platform. The partnership consists of two phases: the first is a “points” experience that gives users access to the Bitcoin L2 rewards economy; the second is native BTC staking rewards as select Bitcoin L2 chains launch later this year.
Founded by the team behind the Bitcoin Decentralized Bridge (tBTC), Acre works with many of the protocols in the rapidly emerging Bitcoin L2 market category to drive rewards. These protocols, powered by assets like tBTC, are building the next evolution of the Bitcoin economy. By collaborating with Xverse, Acre aims to expand the accessibility of “stacking satellites,” catering to both seasoned Bitcoiners and newcomers.
Brian, Co-Founder of Acre, shared his excitement about the partnership: “This collaboration not only marks an exciting innovation in the space, but also the launch of the Acre mainnet. Xverse users can now put their Bitcoin to work via the Acre staking app to access the exciting new world of Bitcoin L2.”
About Acre
Acre, a native Bitcoin staking platform, has partnered with Xverse for the launch of its mainnet. Acre is the latest project from Thesis, the venture studio building brands in Bitcoin. According to Brian Mahoney, co-founder of Acre, it allows “Xverse users to put their Bitcoin to work via the Acre staking app to access the exciting new world of Bitcoin L2,” using their Xverse wallets. Acre’s staking experience simplifies participation in the Bitcoin economy with one-click access to BTC rewards.
For more information, users can visit the official Acre website | Twitter (x) | Discord
ContactKevin McGrath[email protected]718-915-4829
This article was originally published on Chainwire
