Bitcoin in DeFi on Stacks: sBTC Launched!

Stacks has launched sBTC on the mainnet, expanding the capabilities of Bitcoin in DeFi and Web3.

What is sBTC?

sBTC is a synthetic asset backed by Bitcoin 1:1. It allows Bitcoin to be used in DeFi applications on Stacks without moving BTC from the Bitcoin network, providing access to Bitcoin liquidity in Stacks DeFi and Web3.

Benefits of sBTC:

* DeFi with Bitcoin: Participate in lending, borrowing, and trading on Stacks, potentially earning income.

* Bitcoin Security: Reliability and transparency of transactions thanks to the security of the Bitcoin blockchain.

* Expanding Bitcoin: Interacting with other blockchains and dApps.

* Bridge to Web3: Connecting Bitcoin with the Web3 ecosystem on Stacks.

Launch Details:

* Limit: 1,000 BTC.

* Withdrawal: Q1 of next year.

* Integration with Travala: Booking travel with sBTC and STX.

* Income: Up to 5% annual return in Bitcoin in the Xverse wallet.

Significance:

The launch of sBTC is an important step for Stacks and Bitcoin, opening new opportunities for the use of Bitcoin in DeFi and Web3, fostering the development of both ecosystems.