BlockBeats News, November 29, Bitcoin L2 Labs announced the launch of sBTC (a 1:1 wrapped Bitcoin asset launched by Stacks) and an incentive program, early deposit users will be eligible to participate in this program. The specific timeline is as follows:

· Phase 1: Mainnet - Bitcoin Deposits, Expected Time: December 16, 2024

· Phase 2: Mainnet - Bitcoin Withdrawals, Expected Time: 6-8 weeks after Phase 1.