Acre Launches Bitcoin Staking on Mainnet in Partnership with Xverse

New York, United States, July 25th, 2024 – Xverse, a leading Web3 wallet, has announced a partnership with Acre to introduce a seamless Bitcoin-in, Bitcoin-out staking experience. This collaboration enables users to earn BTC-based rewards, establishing a new frontier in Bitcoin innovation.

With this partnership, Xverse users can easily utilize their BTC through Acre directly from the Bitcoin mainnet, all within their existing Xverse wallet. Acre offers a fully on-chain staking experience that simplifies participation in the Bitcoin economy, featuring a ‘one-click’ option to access Bitcoin rewards.

Ken Liao, CEO of Xverse, expressed his enthusiasm about the partnership: "We are thrilled to partner with Acre to offer our users a seamless Bitcoin staking experience. This collaboration unlocks a significant market opportunity, allowing Xverse users to earn rewards on their Bitcoin holdings while maintaining full control over their assets."

Acre, a recent addition to Thesis.co—a decade-old Bitcoin venture studio—aims to advance the landscape of Bitcoin finance by providing a transparent avenue for holders to earn rewards on their BTC. This partnership allows Xverse users to maximize the potential of their idle Bitcoin holdings, enabling earnings on both Mezo and Acre through Acre’s dedicated BTC staking platform. The partnership will unfold in two phases: the first phase introduces a "points" experience granting access to the Bitcoin L2 rewards economy; the second phase will roll out native BTC staking rewards as selected Bitcoin L2 chains launch later this year.

Founded by the team behind the decentralized Bitcoin bridge, Acre collaborates with several protocols in the emerging Bitcoin L2 market to facilitate rewards. These protocols leverage assets like tBTC to cultivate the next evolution of the Bitcoin economy. By working with Xverse, Acre aims to enhance the accessibility of Bitcoin earnings, appealing to both experienced users and newcomers alike.

Brian, Co-Founder of Acre, remarked on the partnership: "This collaboration not only signifies an exciting innovation in the space but also marks Acre’s mainnet launch. Xverse users can now effectively utilize their Bitcoin through the Acre staking app to explore the promising world of Bitcoin L2s."

About Acre
Acre is a native Bitcoin staking platform that has partnered with Xverse for its mainnet launch. It represents the latest initiative from Thesis, a venture studio focused on developing brands on Bitcoin. According to Brian Mahoney, Co-Founder of Acre, this partnership allows Xverse users to put their Bitcoin to work through the Acre staking app and venture into the exciting new realm of Bitcoin L2s. Acre’s staking experience streamlines participation in the Bitcoin economy by offering convenient access to BTC rewards.

For inquiries, please contact Kevin McGrath at [email protected] or call 718-915-4829.