Stacks is expected to launch sBTC, a Bitcoin-based asset for DeFi activities, on December 17, 2024. sBTC allows Bitcoin holders to participate in decentralized financial activities such as lending, borrowing, and earning yields, while minimizing risks from third parties. One of the highlights of sBTC is that it offers yields of up to 5% APR for holders.
sBTC is part of the Nakamoto upgrade on Stacks, which has improved transaction speeds and ensured the transparency of the network by limiting miners' advantages. With this advancement, Stacks not only enhances the role of Bitcoin in DeFi but also expands the potential use of Bitcoin as an effective asset, going beyond its traditional role as "digital gold".
