3,000,000 $BOB Token Rewards & a $5,000 in BTC Raffle Are Up for Grabs on Xverse Earn

Xverse has integrated Build on Bitcoin (BOB), a Hyrbid Bitcoin Layer 2 for driving DeFi on Bitcoin. This new integration provides a seamless way to stake BTC on Xverse Earn while being able to track yield using an EVM address.

To celebrate the milestone, we’re excited to reward our users with two special opportunities:  3,000,000 $BOB in token rewards and a $5,000 Bitcoin raffle. 

Read on to learn how you can participate in the excitement and get exclusive rewards by staking with Xverse Earn.

What is Xverse Earn?

Xverse Earn is a non-custodial platform that lets you stack STX or stake BTC via Build on Bitcoin (BOB) to earn yield in Bitcoin DeFi–all on one unified web app.

Launched as a non-custodial Stacks (STX) staking pool in June 2021, Xverse Earn is now expanding its product suite to make cross-chain yield generation more effortless than ever before.

Thanks to BOB, it’s become easier and safer to stake, lend, and earn yield on Bitcoin-native assets that require a custodial bridge. 

Since BOB is built on Bitcoin and can connect to Ethereum’s EVM, you can unlock new DeFi use cases, including programmable smart contracts and liquid staking, all without compromising the core principles of Bitcoin.

3,000,000 $BOB Rewards and a $5,000 BTC Raffle: Details

We’ve rolled out Bitcoin Staking on Xverse Earn in partnership with BOB, and we want to celebrate the launch by distributing 3,000,000 $BOB giveaway tokens and reward three lucky stakers with a $5,000 Bitcoin raffle.

3,000,000 BOB Token Rewards

Xverse users who stake BTC using Xverse Earn and BOB will receive a total of 3,000,000 $BOB tokens. 

Qualifying is simple; you just need to stake above the Xverse Earn minimum of 0.00012 BTC. 

The more BTC you stake, the larger the percentage of the 3,000,000 token giveaway pool you’ll receive. 

Once the tokens are available, a third party will support reward claiming, enabling you to collect the BOB you’ve earned.

$5,000 Bitcoin Raffle

We're also raffling off $5,000 in BTC to anyone with at least 0.001 staked BTC on Xverse Earn via BOB.

Each 0.001 staked BTC gets you an additional entry into the raffle (e.g., staking 0.01 BTC earns you 10 entries). The three final winners will share the $5,000 Bitcoin prize pool:

• $2,500 in BTC
• $1,500 in BTC
• $1,000 in BTC

Winners will be drawn on April 16, and prizes will be sent within one week.

How to Stake BTC with BOB on Xverse Earn

Here’s how to stake BTC on Xverse Earn via BOB and qualify for the rewards and BTC raffle.

• Step 1: Tap on https://wallet.xverse.app/explore  on your browser to access Xverse Earn.

• Step 2: Tap on ‘Stake BTC’

• Step 3: Pick a suitable strategy and connect your Xverse Wallet and EVM-compatible wallet.

• Step 4: Type in the amount of BTC you’re staking. The minimum amount of BTC you need to stake and qualify for the $BOB rewards is 0.00012 BTC. If it’s the raffle, each 0.001 BTC gives you an additional entry and gets you closer to the three top rewards. 

• Step 5: Tap the “Stake” button and follow the prompts to get started.

Important Information

Dates: Eligibility starts at 9:00 a.m. EST on March 31 and ends at 9:00 a.m. EST on April 14.‍

The higher You stake = The higher the rewards you get: By staking more BTC, you earn a greater share of the 3,000,000 BOB token pool and gain additional entries for the BTC raffle.‍

Stay Staked: To remain eligible, ensure you keep your BTC staked throughout the entire reward window and raffle period. Briefly staking and then un-staking will result in disqualification.‍

Raffle Threshold vs. BOB Rewards: Only the BTC raffle requires staking at least 0.001 BTC. For the BOB token rewards, any amount above the 0.00012 BTC platform minimum qualifies.