Bitcoin L2 Labs has just launched sBTC on the Stacks mainnet, ushering in a new era for Bitcoin in the decentralized finance (DeFi) space. 🌟

- sBTC is an asset backed 1:1 by BTC, allowing for the decentralized movement of BTC between layers of Bitcoin.

- After the Nakamoto upgrade, Stacks has improved transaction speed and ensured the integrity of Bitcoin, laying the foundation for sBTC.

- From December 17, 2024, users can send BTC to mint sBTC, with a temporary limit of 1,000 BTC to manage liquidity.

- Early senders will receive a 5% annual reward in sBTC.

sBTC marks a turning point for Bitcoin, expanding the application potential of DeFi on this network. 🚀