The Road Ahead: Earning Bitcoin on Bitcoin with Acre
It wasn't so long ago that simple solutions offered a way to earn bitcoin with your bitcoin. They were great! Deposit your BTC, check your account, and get more BTC. The definition of stacking sats.
They came at the cost of self-custody. Inevitably, they were at odds with the core mission of Bitcoin - financial liberty. (recall the spectacular demise of Celsius and BlockFi as examples). Today, there is still no easy way to earn bitcoin with your bitcoin, until now.
Acre allows bitcoin holders to earn more bitcoin with their bitcoin, without compromising decentralization, self-custody, or transparency.
Opportunities to deploy bitcoin are exploding across multiple novel Layer 2 protocols on Bitcoin. These protocols are bringing together the liquidity and settlement power of Bitcoin with the opportunities of DeFi, social, NFTs and games of other chains. At last count - there were over 90 L2s ready to offer incentives for bitcoin. Each has a different take on how to build value, a unique security model, and a varying level of experience on their teams.
By partnering with the most promising L2s we are building the liquidity layer for Bitcoin. By becoming the aggregator and the allocator across this ecosystem, Acre is the missing link required to allow users to unlock the value of their BTC in this growing ecosystem.
It starts with a Bitcoin-native experience: connect your BTC wallet and transfer your bitcoin. No bridging, no new wallet, decision fatigue, or ongoing management. We call this BIBO — Bitcoin-in, Bitcoin-out.
Under the hood is a powerful rewards engine built by the leading team that has shipped Bitcoin-focused products since 2016 (think Thesis, Fold and tBTC). The Acre system stakes deposited BTC to Bitcoin Layer 2 protocols, where onchain economic activity drives value to Acre.
Alongside our BIBO experience, there is a more advanced option for power DeFi users: the bitcoin liquid staked token (LST) - stBTC. Stakers can elect to receive stBTC as a receipt token of their BTC deposit, which accrues more BTC through the aforementioned economic activity. stBTC can be used across DeFi in the same way as other LST, to do more with your BTC while you earn via Acre.
The Bitcoin ethos is at the heart of the Acre team and our ethical North-star. Acre was created by Bitcoiners, for Bitcoiners, and we build based on the same priorities of decentralization and self-custody.
We can’t do it alone. The future of the protocol will be managed by a DAO, where our community maintains the ongoing health of positions by ACRE token voting. Early depositors and community members will have opportunities to join the DAO as it is launched.
Here’s where we’ve been and here’s where we’re going:
- February 2024
- Acre live on Testnet
- May 2024
- July 2024
- Acre Mainnet launch
- Mezo integration live
- August 2024:
- Immunefi Boost Program Live
- stBTC launch on Mezo
- Fall 2024
- Acre Points Program launches
- BOB integration live
- Coming soon
- Acre DAO launch
- stBTC launch on Acre
- BTC rewards live
Acre unlocks the power of your bitcoin, without compromising on what Bitcoin stands for and sitting atop the best of the ecosystem. If you’re reading this, you have the opportunity to join us on this mission.
Acre - Bitcoin staking done the right way: designed for the beginner, unlocked by the expert, built by the best, owned by the community.
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