BitGo supports blockchain Stacks to enhance Bitcoin functionality! 🚀
- BitGo integrates the L2 Stacks network, allowing users to earn BTC through "stacking" without lending or additional risk.
- Kyle Ellicott from Stacks: "This is a huge step forward for Bitcoin, making BTC a profitable long-term asset."
- Stacks is Bitcoin's smart contract layer, with over $95 million TVL, accounting for 7.9% of the L2 Bitcoin market share.
- BitGo will support the new token standard sBTC and become a "Signer" on the network.
- sBTC makes it easier to develop DeFi applications on the Bitcoin network.
- Stacks' Nakamoto Release will activate on August 28, bringing a "renaissance" to Bitcoin DeFi.
What do you think about this development? Comment! 💬#Bitcoin#DeFi #CryptoNews