The exSat Network unveiled its new exSat bridge, which introduces Bitcoin staking just weeks after its mainnet launch. This feature, according to the team aims to broaden the financial landscape for Bitcoin holders, allowing them to earn yields while still retaining control of their original assets.
By staking Bitcoin, users receive a wrapped token called XBTC, which is directly tied to their native BTC on a 1:1 basis. This means that while they earn rewards, their original Bitcoin remains secure.
Staking not only provides potential earnings but also contributes to the overall security of the exSat Network. In return for their participation, stakers will earn XSAT, the network’s native token, which will soon be available for trading on various platforms.
The team adds that the development of the exSat bridge involved collaboration with reputable custodians like Ceffu, ChainUp, Cobo, and Cactus, and it has been thoroughly audited by Blocksec to ensure its security and reliability.
So far, the exSat Network has seen impressive growth, with over $488 million in Total Value Locked (TVL) and support from more than 41 validators. Notably, over half of Bitcoin’s hash rate is now integrated with the network, showcasing its robust infrastructure. Key industry players such as Matrixport, Spiderpool, and OKX are also part of this exciting venture.
Getting started with Bitcoin staking on the exSat Network is straightforward: users simply connect their wallets, bridge their BTC to receive XBTC, and stake it with a validator to start earning XSAT tokens right away—no waiting for points or future airdrops.
