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When we explore DeFi protocols, we always look to make a profit in stablecoins. Or maybe in a solid token. However, there is a much better option: Have BTC rewards.

In this article, you will discover how you can earn BTC rewards using a wallet app. We are talking about the Xverse Wallet. Before we dive into the specifics of earning Bitcoin through staking STX tokens, its essential to grasp the fundamentals.

Stacks is an open-source blockchain project that connects to the Bitcoin network, enabling smart contracts and decentralized applications (dApps) to be built on top of the Bitcoin blockchain.

Stacking, in the context of Stacks, refers to the process of locking your STX tokens as collateral to support the networks consensus mechanism. Now, Lets get into the step-by-step guide.

To get started with staking STX tokens, youll need to take a few preliminary steps:

When it comes to staking STX tokens, you have two primary options:

In this case, well use an internal feature of the Xverse Wallet. Here is a picture of the app:

Nowadays, you need to at least deposit 100 STX to use this feature and youll earn 10% in BTC. The exact amount of Bitcoin earned depends on various factors, such as the number of STX tokens staked, the duration of staking, and the overall network performance. Staking rewards are typically distributed periodically, allowing you to accumulate Bitcoin over time.

In this case, the Stacks stake mechanism works in cycles. These cycles last about 15 days. For example, if you invest 1000 STX, after the stake cycle you will have the equivalent of 100 STX in BTC.

After initiating the stacking process, its important to keep track of your staked STX tokens. Most staking platforms provide intuitive dashboards or interfaces where you can monitor your earnings, view transaction history, and track the performance of your staking activities. You will find this info in the Dashboard of the Xverse Wallet.

Note: Stay informed about any updates or changes in the stacking protocol to ensure your staking setup remains secure and up to date.

Staking STX tokens to earn Bitcoin presents an exciting opportunity for crypto enthusiasts to grow their digital asset holdings. By understanding the basics of Stacks and following the steps outlined in this guide, you can confidently embark on your staking journey and potentially benefit from passive Bitcoin earnings while supporting the Stacks network.

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How to Earn Bitcoin With the Xverse Wallet - Altcoin Buzz