Bitcoin L2 Labs has launched sBTC on the Stacks main network! 🚀 sBTC allows the movement of BTC between layers while maintaining security. Now users can utilize DeFi applications based on Bitcoin.

Initially, only deposits are available: starting from December 17, 2024, users can deposit BTC on Stacks, and withdrawals will begin in March 2025. Early participants will receive up to 5% annual interest in sBTC. This is an important step for the Bitcoin ecosystem!