🍿 ALEX Governance Proposal For XLNK & Stacking DAO Hits $35M+ in TVL

The Stacks community is gearing up for another milestone. There’s about one day left until voting starts for the Nakamoto Release! This vote will decide whether Stacks Improvement Proposal (SIP) 21, also known as the Nakamoto Release, will get approved and implemented for Stacks by the core engineers. Let’s dive into this week’s ecosystem highlights.

🍿 Stacks Snacks

• Arkadiko shares that voting for the Nakamoto Release will start soon. Read more about the voting process in the voting guide and voting website.

• Read more about the Nakamoto release in the freshly updated Nakamoto Docs.

• ALEX publishes its governance proposal for $XLINK with the Approval and Tokenomics.

• StackingDAO hits new all time high TVL with $35M.

• Sora Ventures publishes Q1 2024 Bitcoin ecosystem map with an overwhelming amount of Stacks entities.

• Arkadiko shares details on Arkadiko 2.0 with Redemptions.

• Applications for the N21 Nakamoto Prep-Program are closing on February 12th.

• New hackathon announced: Ready Layer 2, a Bitcoin Builder Hackathon.

😋 Other tasty content

• Stacks Foundation Developer Advocate Kenny Rogers explains Bitcoin Finality for Stacks.

• Zest Founder and contributor to StackingDAO Tycho Onnasch shares reason for liquid stacking driving DeFi growth.

• Founders of Velar, StackingDAO, Arkadiko, and Zest came together to discuss DeFi on Bitcoin.

• StackingDAO shares a deep dive on points: how to best manage community participation.

• Stacks Creator Muneeb Ali shares his Thesis: Bitcoin L2s will start comparing with alt L1s in functionality, speed, and growth. But with BTC as the asset.