Bitcoin L2 Labs announces the next sBTC Cap: May 15 at 5,000 BTC. Reaching this next milestone makes Stacks the largest Bitcoin layer recognized by Bitcoinlayers.org in terms of BTC deployed. A huge milestone for the Stacks ecosystem. Meanwhile, multiple other exciting announcements happened this week. Let’s dive in!
🍿 Stacks Snacks
Bitcoin L2 Labs announces next sBTC cap: May 15, 2,000 extra BTC.
Stacks in Washington DC: Hiro CEO Alex Miller testified on how Congress can deliver for clear, modern rules for crypto.
Xverse announces new improved fiat onramp now live for BTC and STX.
ALEX announces timeline for ALEX incentive program Surge 4.
The STX City ecosystem is trending on CoinGecko ranking #2.
😋 Other Tasty Content
Zest reports on 3 yield opportunities in the Stacks ecosystem with Velar, ALEX, and Zest.
Bitflow shares new stSTX / STX pool on Bitflow with earning stacking rewards, trading fees, and promo rewards.
Granite reports on earning over 40% APY on depositing stablecoins.
Stacks community DEX Charisma introduces Charisma Orders for the Stacks ecosystem.
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Stacks is a Bitcoin layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Stacks exists to unlock Bitcoin’s full potential as the largest, most valuable, durable, decentralized asset. Learn more here.