stBTC is live on @Stacks.
Deposit and earn Bitcoin Staking yield that auto-compounds in BTC, up to a 2.6% target yield produced by Stacks Bitcoin Staking.
Allocation is limited, first come first serve.
DeFi activity on @Stacks is picking up as the incentives roll in.
Tomorrow's Stacks DeFi Show covers what the rewards are doing to volumes, deposits and borrowing, alongside the latest updates from builders across the ecosystem.
0.25 BTC a month goes to USDCx borrowers on @ZestProtocol for 90 days.
stBTC is eligible collateral. Deposit stBTC, borrow USDCx at 20% LTV or above, and the Stack Sats rewards land on top of the Bitcoin Staking yield the collateral already earns.
The yield behind stBTC, explained by the Stacks Labs CTO.
Bitcoin Staking pairs bonded sBTC with STX and targets 3% gross. stBTC is the liquid, auto-compounding way to hold that position on @Stacks.
