- ExSat introduces Bitcoin staking via exSat Bridge to promote DeFi growth.
- $500M TVL marks a solid start as users stake XBTC and earn XSAT.
exSat, the Bitcoin scaling network, has launched a Bitcoin staking program with the deployment of exSat Bridge. These new capabilities allow users to stake their BTC and mint XBTC. This opens the door to a range of decentralized finance (DeFi) activities within exSat’s expanding Bitcoin ecosystem.
The ability to issue tokenized BTC on the exSat network is an important step toward exSat’s objective to scale Bitcoin. ExSat offers a scalable framework that enables users to convert their Bitcoin into yield-generating assets, overcoming the cost and throughput limitations of the main Bitcoin chain. This solution enhances Bitcoin’s scalability, empowering developers to create highly liquid applications. As a result, ExSat establishes itself as a key player in the Bitcoin scalability movement.
A Game-Changer for Bitcoin Scaling and DeFi Activities
exSat Bridge was developed in partnership with custodians such as Ceffu, ChainUp, Cobo, and Cactus Custody and passed extensive Blocksec assessments to assure top-tier security and reliability. ExSat introduced exSat Bridge just two weeks after its mainnet debut, laying the foundation for a strong Bitcoin ecosystem. This innovation allows users to retain their original BTC while participating in staking activities.
Stakers can now create XBTC, stake it with a validator on the exSat network, and earn XSAT, the native token that runs the entire ecosystem. This staking mechanism benefits individual users while also improving the network’s security and decentralization.
At the moment, the exSat Network has secured over $542 million in Total Value Locked (TVL) and is backed by 41 validators. More than half of Bitcoin’s hash rate syncs data throughout the network, enhancing its legitimacy. Key industry partners like Matrixport, Spiderpool, Antpool, and OKX are driving ExSat’s growth and acceptance.
To stake Bitcoin on the exSat Network, just link your wallet, bridge BTC to obtain XBTC, stake XBTC with a validator, and instantly receive XSAT tokens. This user-friendly tactic assures that Bitcoin stakes can begin earning immediately, without the need for future airdrops or point accumulation.
As exSat evolves and more developers join its ecosystem, the network’s speed will improve, making Bitcoin scalability a reality. With the introduction of XBTC staking, exSat is leading the way in scaling Bitcoin and expanding DeFi potential on the network.
