Unlocking Bitcoin Yield: Exploring Leather's Web App
As the Bitcoin ecosystem continues to evolve, through Stacks, opportunities to earn yield on what you’re HODLing are expanding. Our flagship Bitcoin and Stacks wallet, Leather, now offers users a seamless way to access these opportunities.
Just as Stacks’ sBTC announced over 5,000 BTC has now been made productive on the leading Bitcoin L2 — Leather’s new web app aims to be the one-stop shop for DeFi on Bitcoin. By bridging BTC into sBTC or participating in stacking with STX, Leather provides easy access to all avenues of engaging with Bitcoin DeFi.
What Does the Leather Web App Provide?
Leather’s new web app hosts an explorer directly on the front page that allows users to connect to a directory of yield and stacking service providers that are integrated with Leather.
It enables users to easily find Bitcoin yield opportunities by:
- Bridging BTC into sBTC: sBTC is a non-custodial, Bitcoin-backed asset on the Stacks Bitcoin Layer 2. By converting BTC to sBTC, users can interact with smart contracts and decentralized applications (dApps) within the Stacks ecosystem.
- Stacking STX: Stacking involves locking up STX tokens to support the Stacks Network's consensus mechanism, earning BTC rewards in return.
How to Get Started
If you’re interested in giving it a try, simply:
- Install the Leather Wallet: Available as a browser extension and desktop application, Leather supports BTC, STX, Ordinals, BRC-20 tokens, and more.
- Access the Earn Feature: Navigate to the web app.
- Choose Your Earning Method: Decide between bridging BTC to sBTC or stacking your STX tokens.
Connect with Service Providers: Leather provides a directory of DeFi protocols and stacking service providers to facilitate your earning journey.
Why Choose Leather?
- Non-Custodial and Open-Source: Leather ensures users retain control over their assets, with a commitment to transparency and security.
- Integration with Bitcoin DeFi: By supporting sBTC and Stacking, Leather bridges the gap between traditional Bitcoin holdings and decentralized finance opportunities.
- User-Friendly Interface: Designed for both newcomers and experienced users, Leather offers an intuitive experience for managing and growing your Bitcoin assets.
Time to Start Earning
Leather's refreshed platform represents a step towards making Bitcoin yield opportunities more accessible to the rest of us. By deepening our connection with the Stacks ecosystem and offering non-custodial solutions, Trust Machines believes that your Bitcoin wallet is your access point to experience everything DeFi has to offer users.
Ready to start? Try Leather Earn for yourself by visiting leather.io
