🍿 sBTC Success & Wrapping up 2024

From Stacks now leveraging 100% of Bitcoin’s security budget to introducing sBTC, the community has taken major steps to bring Satoshi Nakamoto’s vision closer to reality. as we hit the 1,000 BTC deployed cap for sBTC in roughly three days, we’re wrapping up 2024 with one more weekly snack. Check out the latest news around Stacks development and tasty DeFi opportunities with sBTC.

Thank you all for reading Stacks Snacks over the last year 🧡

🍿 Stacks Snacks

• Stacks hits 1,000 BTC deployed via sBTC cap in roughly three days.

• We wrap up the year highlighting a multiple milestones achieved on Stacks.

• Bitcoin L2 Labs highlights Stacks 3.1.0.0.1, enabling tenure-extend, which allows the network to more efficiently handle block budget.

• Following the community approval of SIP-029, Stacks’ halving schedule now aligns with Bitcoin.

• Bitflow Co-Founder Diego lets AI Agent swap a Bitcoin L2 asset (STX) for a Bitcoin L1 asset (DOG) via AI BTC Dev.

• Stacks X educator shares sBTC Yield Playbook.

😋 Tasty sBTC

• Velar: the Bitcoin Liquidity Protocol sees over $500K staked, with near 35% APY and 10K VELAR each day in estimated rewards per day (source).

• ALEX: the Bitcoin DEX sees over $2M in aBTC - sBTC liquidity with an unknown APY (source).

• Zest: the lending protocol sees 391 sBTC, close to $40M supplied with 1.12% APY. A great achievement for Zest (source).

• Bitflow: the Runes AMM sees 45% APY on its sBTC/STX pool with sBTC rewards, on top of 4x daily points (source).

• Hermetica: celebrates the holiday season with a 17% APY on its stablecoin USDh, which you can borrow by using sBTC as collateral (source).

*APY figures reflect recent DeFi app reports and may vary; not guaranteed.