Stacks is heating up! After opening sBTC Cap-2, 2,000 BTC got deployed into the leading Bitcoin L2 in less than a day! This shows the huge demand for making Bitcoin a productive asset thanks to a decentralized way to move your BTC into DeFi applications. Furthermore, Stacks apps ALEX and Bitflow are pushing the Bitcoin DeFAI (decentralized finance + AI) narrative forward with new AI driven features. Let’s dive into this week’s Stacks Snacks.
🍿 Stacks Snacks
Stacks reaches 3,000 BTC cap-2 for sBTC in less than 24 hours.
sBTC Product Lead Andre Serrano and Hiro Partnerships VC Jonas Gerber weigh in on the major achievement, calling it just the start as institutional BTC starts to flow in.
Zest shares getting close to 500 sbtc deposited, releases all the things Zest is working on.
Bitflow introduces Dollar Cost Averaging (DCA) for Runes trading with Stacks.
ALEX Lab introduces new Decentralized Finance AI feature to help onboard more people to DeFi.
Bitflow & Xverse introduce new Runes incentive campaign to onboard more runes users to Stacks.
😋 Other Tasty Content
Velar now supports sBTC for self-deployed pools.
Largest DeFi content educator “The DeFi Edge” shares deep dive on sBTC.
Stacks Developers at ETH Denver started building with sBTC during the Encode hackathon.
Stacks Asia Foundation Executive Director Kyle Ellicott joins New York Bitcoin Investor week with Anthony Pompliano.
Stacks Foundation organized developer workshops at ETH Denver to start building on Stacks.
👋 New here? New to Stacks? Welcome!
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.