The cap on sBTC has officially been removed, marking a milestone for the Stacks ecosystem. With Bitcoin now able to move freely in and out, builders and users are already introducing new opportunities. From Bitcoin yield and liquidity pools to grants, AI DAOs, and more, here’s what is happening this week across Bitcoin’s leading layer.
🍿 Stacks Snacks
The sBTC cap has officially been removed, with Bitcoin now freely moving in and out of the leading Bitcoin layer, Stacks.
Lending protocol Zest is offering up to 3.5% APY in Bitcoin yield through its Stacks app, with sBTC now uncapped.
Bitcoin AMM Bitflow reports up to 12% APY for Bitcoin pools following the sBTC uncapping.
The Decentralized Grants Stewards officially announce that applications for the Decentralized Grants Program are open, including a giveaway contest for non-builders to contribute.
AIBTC enters the pre-launch testing phase of the first AI DAOs on Bitcoin.
😋 Other Tasty Content
The Stacks ecosystem and Aspen Digital are hosting an institutional webinar: The Great Rotation: How Institutional Capital is Reshaping Bitcoin.
Hermetica reports 7% APY this week for its Stacks Bitcoin-backed stablecoin, USDh.
The STX Bitcoin DeFi webinar took place this week, with thousands of people tuning in to see Bitcoin DeFi live in action.
Larry Salibra introduces a new Stacks Improvement Proposal: BTC addresses for Stacks transactions.
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.