Gm Stackers 🟠
😋 Stacks Snacks
Whales are stacking up on Zest. One borrowed 69,000 USDCx and hours later another took out 100,000 USDCx, both getting paid to borrow (3.38% sBTC yield vs 1.10% borrow rate).
Zest also reaches 880 sBTC in TVL 🔥
Tenero dropped a 7 day overview of Stacks onchain. Quick insight into network activity.
📆 Coming Up
Builder Bash is coming. RSVP here. A live virtual showcase with updates from Hermetica, Bitflow, Zest, Xverse, Boom, AIBTC, and more. If you want a pulse check on where Bitcoin DeFi, staking, and infrastructure are headed on Stacks, this is the event to join.
👀 Other Tasty Content
The Stacks halving is here. Block rewards drop to 500 STX per block, cutting new STX entering circulation by 50%.
Q1 ecosystem grants are in. A record 325 applications came in and 18 teams were selected across AI, payments, DeFi, and analytics. Live tracker is up so you can follow their progress.
USDCx Zealy rewards winners are locked in. If you participated, check your wallet.
Happy stacking, Stackers 🟠
Stacks is a Bitcoin layer for smart contracts. It enables 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, and decentralized asset. Learn more here.