@SatsRunner Yes, BTC yield from STX that is stacked to make sBTC holders solvent over time if the system were to fail. The exact details are still being implemented, but that is still the plan as far as I'm aware. (I've been less online the last couple months so could be dated as well)
@SatsRunner @StackingDao Also worth noting stackers are never slashed. Yield can be withheld and withdrawals paused for bad actions, but funds are not slashed.
@SatsRunner @StackingDao If people began to unstack that would reduce security just like miners going offline. Less people doing the work and less economic capital ensuring security of the system. This is true.
This is balanced by known signers who do stake their reputation in public. It is a tradeoff
@SatsRunner @StackingDao Yes that requirement was removed and there is no longer an sBTC supply cap as a result. Essentially ensuring a secure set of signers is the most important thing for sBTC going forward. There are certainly trust assumptions and tradeoffs that come with this.
@SatsRunner @StackingDao This page may help. They don't lock up btc for sBTC, but convert btc yield that is earned to stx for the compounding effect of stSTX once they receive payout. They delegate to these signers who will be part of securing sBTC when it is live.
https://t.co/mcPw8vNfJ6
⌛️Have you voted
@Stacks
SIP-027, Improved Multisig Tx?
Time is almost up! Get out there and get your vote in for the future of Stacks!
📅 Deadline: ~Friday, August 16th (Bitcoin block 857,050)
👉Cast your vote: https://t.co/JZgr85dzCt
🔗More details: https://t.co/OBusR0uivR
Solo Stackers play an important role in making the network decentralized and resilient.
For this reason, a solo-Stacking website has been approved among the Critical Bounties.
It will offer an easy way for users to start Stacking by themselves.
https://t.co/gvoluFzsI5
Introducing Pathway at https://t.co/s1E9q90E68! 🚀
- Name, Copy & Click STX Addresses easily.
- Quickly Access the Stacks Explorer by typing "STX" and pasting your address.
Perfect for both mainnet and testnet addresses. Streamline your STX management with Pathway today!
@hashhavoc@human058382928@davek_btc
Upcoming SIP Vote: Improved Multisig Transactions
During Stacking Cycle 90, community voting will commence for an important Stacks Improvement Proposal (SIP). By voting, you're directly influencing the direction of key protocol improvements for Stacks.
Learn more 👇 1/3
I hear the sentiment expressed below about @herogamer21btc repeated throughout the @Stacks community over and over.
His efforts are endless and his productivity is amazing. What he has meant to me and my becoming a part of this community is immeasurable.