The next six weeks on Stacks:
~July 29: PoX-5 hardfork (pending SIP vote), paving the way for Bitcoin Staking.
Late August: the Genesis Bond, the first Bitcoin Protocol Bond on Stacks.
Stakers: you'll need to restake your after the fork. Details coming soon 👇
USDCx on Stacks is now live.
A USDC-backed stablecoin is now available via @Circle xReserve, enabling full interoperability between Circle's multichain ecosystem and Bitcoin's leading L2.
Bitcoin just got a Tier 1 stablecoin 🟠
an ideal bitcoin product is where you can lock BTC on-chain and get BTC yield.
stacks just made that dream achievable by introducing dual stacking: you lock BTC to earn BTC from consensus!
can add STX on top as rewards booster. the litepaper is live and v1 starts this oct!
@bergealex4 What's the point of this post? What do you think will happen? Stacks is trying to build something and you're attacking the founder. All I see is growth of a network.
@jmthrivept With the little weight he is training with, this could have been done with a belt squat or even a straddle lift. As a coach, athletes get bored and subtle movement changes are necessary. But movements like this seem to appease him more then being safe and useful.
@bitflow Gm, I'm not receiving yield on stSTX/STX farm anymore. It stopped rewarding approximately 6-7 days ago. Receiving 0 reward daily when I was receiving 10 just a few days ago.
I care deeply about Bitcoin innovation.
Amid all the noise, @Stacks and @Muneeb have consistently proven themselves as top Bitcoin innovators.
Stacks’ new SIP-031 treasury management framework sets Stacks up for growth.
Over half a billion dollars in Bitcoin is already deposited into Stacks. That's real capital flowing to where infrastructure actually works.
Stacks L2 provides fast transaction speed, and manages to maintain 100% Bitcoin hashpower security.
Layer 2 technology combined with a new treasury will allow stacks to compete with the largest chains.
At @drapervc we are looking forward for the positive impact this will bring to Bitcoin DeFi - with @ZestProtocol leading the charge.
I’ve said it before and I’ll say it again… the gravitational pull toward Bitcoin is real.
The Stacks community is voting mid-June.
Early support looks strong and I will be voting Yes.
@nabubito@bitflow@zeroauthdao Me too and I messaged support through the app. No one responded. For the first while it worked (a couple of months ago). Nothing everyday now
NEWS: stacks brainiacs release overview of a *fully self-custodial* sBTC upgrade.
you thought stacks nakamoto was a big deal? get ready for the stacks satoshi upgrades 🔥🚀
with the satoshi upgrades stacks will get:
- fully self-custodial sBTC while it’s at rest on the L2 wallets or used in L2 payments.
- when sBTC moves into smart contracts default owner of underlying BTC is a decentralized signer set but we can do better! enter bitcoin post conditions: the underlying BTC can be in L1 scripts that work with L2 contracts to precisely define when and where the L1 BTC can move.
- self-custodial sBTC minting opens up doors for institutional players who want to mint from their own segregated custodial addresses (for compliance requirements).
- trustless sBTC L2 payments like lightning (unilateral withdraw) without any liquidity or routing challenges of lightning.
- ability to pay network fees in sBTC, which also result in increased protocol revenue while maintaining STX as underlying infra asset (sBTC swaps for fees underneath).
- consensus upgrades for dual staking where both BTC and STX can provide economic security for fast consensus (after 1 bitcoin block, security remains 100% bitcoin hashpower). bitcoin holders can earn BTC on BTC yield from consensus and can boost the yield by locking STX on top.
- value accrual mechanism for STX where gas fees increase protocol revenue & STX demand, and dual staking gives increased utility for STX (for yield boost).
- faster and more reliable consensus rails, stacks VM upgrades for performance and dev UX. And much more.
A more detailed overview in the link I’ll post below in a few hours. are you ready anon?
stacks satoshi upgrades are coming! the bitcoins must flow 🟧