🍿 sBTC Cap-2 Fills up in Less than 24 hours!

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.