ChainCatcher Message, Stacks announced on X that sBTC has been launched on the Stacks mainnet. sBTC achieves trustlessness, security, and transparency through 1:1 Bitcoin backing, an institutional signature network, and Bitcoin mining power, supporting the Bitcoin DeFi ecosystem. In the initial phase, only deposits are supported, with a liquidity cap of 1000 BTC, and offers an annual reward of up to 5%.

Withdrawal functionality will be enabled in the first quarter of 2025, liquidity caps will be increased, and the permissionless signature network will be advanced.