Close Menu
Cryprovideos
    What's Hot

    Conflux (CFX) Community to Implement Main Hardfork with Eight CIPs

    June 25, 2025

    Warning From Central Banks: Stablecoins Fall Quick As Efficient Financial Instruments | Bitcoinist.com

    June 25, 2025

    Gelato and Morpho Accomplice To Supply Embedded Crypto-Backed Loans for Wallets, Brokers, and Fintech Apps | UseTheBitcoin

    June 25, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»sBTC Launches on Stacks Mainnet, Bringing Bitcoin DeFi to Life
    sBTC Launches on Stacks Mainnet, Bringing Bitcoin DeFi to Life
    Bitcoin

    sBTC Launches on Stacks Mainnet, Bringing Bitcoin DeFi to Life

    By Crypto EditorDecember 17, 2024No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Bitcoin L2 Labs, the core improvement group behind Stacks, introduced the profitable mainnet launch of a programmable 1:1 Bitcoin-backed asset, sBTC. It marks a significant step towards constructing an on-chain Bitcoin economic system and follows October’s Nakamoto Improve, which delivered quicker transactions and 100% Bitcoin finality to the Stacks community.

    For the broader Bitcoin group, that is greater than only a milestone — it indicators a brand new period of programmable Bitcoin. The world’s most safe blockchain can now actively take part in decentralized finance (DeFi).

    sBTC Debuts on Stacks Mainnet

    sBTC is designed to unlock Bitcoin (BTC) liquidity and comes after Stacks initiated the Nakamoto Improve in late August. It’s going to allow BTC holders to entry DeFi alternatives whereas retaining Bitcoin’s unmatched safety rules.

    Particularly, customers can have interaction in DeFi purposes, corresponding to lending and borrowing on protocols like Zest, decentralized exchanges (DEXs) like Bitflow and ALEX, and even AI-based instruments like aiBTC.

    “Not like locking BTC in proof-of-stake methods, sBTC is totally expressive and allows an on-chain Bitcoin economic system. It will possibly energy decentralized lending, DEXs, AI bots, and extra whereas inheriting 100% Bitcoin hash energy safety,” stated Muneeb Ali, Stacks founder, in a press launch shared with BeInCrypto.

    Among the many key options of sBTC is a 1:1 Bitcoin backing, the place the pioneer crypto totally collateralizes every sBTC token. Secondly, there may be the institutional signer community, which reduces reliance on single entities, thereby enhancing belief.

    Moreover, sBTC has 100% Bitcoin finality, which implies it’s secured by Bitcoin hash energy, guaranteeing robust safety. Moreover, the product has clear, open-source code, which provides transparency and verifiability for builders and customers.

    Nonetheless, the present mainnet part introduces deposit-only performance, capped at 1,000 BTC. Regardless of this limitation, this cover will present preliminary liquidity for builders and allow additional integrations with institutional custodians and ecosystem companions.

    In accordance with the press launch, withdrawals will solely grow to be accessible in Q1 2025 because the system transitions towards a completely open, permissionless signer set. Depositors will even earn annual rewards of as much as 5% in sBTC for holding the asset, presenting a singular yield alternative for Bitcoin holders.

    Unlocking Bitcoin’s Full Potential

    In the meantime, sBTC’s launch is poised to carry Bitcoin nearer to Ethereum’s dominance within the DeFi area. Whereas Ethereum boasts a complete worth locked (TVL) approaching $80 billion, in line with DefiLlama information, Bitcoin is quick approaching after flipping Binance Good Chain (BSC).

    Bitcoin TVL
    Bitcoin TVL. Supply: DefiLlama

    The profitable rollout of sBTC units the muse for a stronger Bitcoin Layer-2 ecosystem. The gradual lifting of the BTC cap, the introduction of withdrawals, and the transition towards a permissionless signer community might drive additional adoption. With sBTC Bitcoin is not only a retailer of worth however a flexible asset for decentralized purposes (dApps).

    “With sBTC, Bitcoin turns into extremely succesful past a retailer of worth, unlocking the complete potential of BTC in decentralized purposes,” Andre Serrano, Head of Product at Bitcoin L2 Labs, emphasised.

    This improvement additionally enhances alternatives for DeFi builders. Zest Protocol, for example, permits customers to earn further rewards whereas holding sBTC.

    “Earn extra Zest factors. Simply holding sBTC offers customers a 5% yield, because of the Stacks rewards program. With Zest, customers can supercharge their yield with sBTC,” the platform famous.

    As Bitcoin capital flows into DeFi protocols, builders, builders, and customers will profit from enhanced liquidity and modern monetary instruments.

    Disclaimer

    In adherence to the Belief Undertaking tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed info. Nonetheless, readers are suggested to confirm info independently and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material. Please observe that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Gelato and Morpho Accomplice To Supply Embedded Crypto-Backed Loans for Wallets, Brokers, and Fintech Apps | UseTheBitcoin

    June 25, 2025

    Spoils of $1.5 Billion Bybit Hack Traced to Greek Crypto Trade: Report – Decrypt

    June 25, 2025

    US dwelling mortgage regulator considers Bitcoin amid housing disaster

    June 25, 2025

    Tether CEO Goals for Prime Spot in Bitcoin Mining by 2025 – Bitbo

    June 25, 2025
    Latest Posts

    US dwelling mortgage regulator considers Bitcoin amid housing disaster

    June 25, 2025

    Tether CEO Goals for Prime Spot in Bitcoin Mining by 2025 – Bitbo

    June 25, 2025

    Bitcoin ETF Inflows Hit $2.2B as Market Calms After Ceasefire

    June 25, 2025

    Taproot Property brings stablecoin to Bitcoin Lightning Community

    June 25, 2025

    Inexperienced Minerals Plans $1.2 Billion Bitcoin Treasury To Hedge In opposition to Fiat Threat

    June 25, 2025

    Analyst Says $170,000 Bitcoin Is Nearer Than You Suppose, BTC Approaching ‘Steep Half’ of Cycle – The Day by day Hodl

    June 25, 2025

    US Legislators Think about Tax Exemption Measures To Ease Bitcoin For On a regular basis Use | UseTheBitcoin

    June 25, 2025

    UK’s Smarter Internet Firm Provides 196 Bitcoin Amid Surge

    June 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    TradFi Business Asks David Sacks To Embrace Federal Banking Businesses in President's Working Group on Crypto – The Day by day Hodl

    February 25, 2025

    Crypto Whale Shifts Focus to Chainlink After Main Token Unlock

    March 15, 2025

    SEC Pushes Again Determination on 5 Solana ETFs, Approval Possibilities Drop for July

    May 20, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.