🍿 STX DeFi TVL Hits All-Time-High & ALEX DAMM Announced

sBTC hit its Cap-2 in less than 24 hours. A huge achievement! Yet, nobody is talking about the huge increase in STX locked for Bitcoin DeFi over the last weeks and months. The Bitcoin DeFi ecosystem on Stacks is truly picking up steam right now. Exciting times ahead with new features and improvements coming to sBTC. Let’s dive into this week’s Stacks snacks.

🍿 Stacks Snacks

• Total STX Value Locked in DeFi reaches new All Time High for Stacks.

• DeFi Protocol ALEX introduces DAMM (ALEX AMM V3).

• ALEX Lab Foundation’s Hadan Esperidiao shares stats on Surge 3 campaign.

• Leading Stacks community members discuss different ideas for the Stacks roadmap.

• Velar reports on now 150+ token pairs for their Bitcoin DEX on Stacks.

• Stacks Asia Foundation shares plans for the South Korean crypto market after new regulations get revealed.

😋 Other Tasty Content

• Stacks Founder Muneeb Ali joins an AMA for the Stacks community.

• Ryder Wallet Founder Louise Ivan shares processing a Ryder STX transaction on a plane.

• Zest reports STX deposits yield of nearly 9% for their lending and borrowing protocol.

• Hermetica shares 13% APY on staking stablecoin USDh, a great achievement for the current market.

• Bitcoin Liquidity Protocol Granite publicizes 3 steps to a Bitcoin loan.