Giveaway $NOT Punk #3083
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2️⃣ Comment "Still Bullish"
3️⃣ Drop your STX Address📥
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sBTC Cap-2 is coming! 🟧
Bitcoin L2 Labs is pleased to announce the upcoming launch of the 2nd sBTC deposit cap, set for February 25th, 2025. Hold sBTC. Earn Bitcoin rewards.
Here’s everything you need to know.
FYI: Shortly after the 2nd cap, the second phase of the sBTC rollout will follow in March. This phase introduces Bitcoin withdrawals.
Following the success of Cap-1, we are opening Cap-2 on February 25 for more people to participate.
1. BTC Increase: An additional 2,000 BTC will be available for deposit for Cap-2. As a result, the total sBTC minted will not surpass 3,000 BTC during this phase.
2. Minimum Deposit: As with Cap-1, sBTC will have a minimum deposit amount of 0.01 BTC. This is to ensure the system does not get spammed by many smaller transactions. We are exploring reducing the deposit minimum for future phases.
3. First Come, First Serve: sBTC deposits will be open to the public starting at 10am ET on February 25th.
Note: sBTC currently supports deposits only. sBTC withdrawals are on track to launch in March 2025. After this point, sBTC can always be redeemed for BTC.
For more information on the sBTC rewards program and the 2nd cap, see link in thread.
sbtc cap gets raised feb 25.
who is ready to deploy their sbtc in alex, velar, zest, granite, bitflow, etc?
earning real bitcoin rewards on bitcoin rewards on bitcoin rewards.
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Next week, Stacks' sBTC will unlock Bitcoin's trillion dollar market potential 🟧
You can be one of the early adopters for sBTC, receiving $BTC rewards via the sBTC Rewards Program.
An initial deposit cap of 1,000 BTC for controlled testing, gradually increasing over time.
I enjoyed every part of the space, with depth information on games, rewards and future projects. For sure our community has a lot to offer.
🕺🏾🕺🏾Can’t wait for the next space 🕺🏾🕺🏾
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We’re thrilled to announce the next partner for sBTC: leading Bitcoin accelerator & fund, Bitcoin Frontier Fund 🟧
@BTCFrontierFund: a Bitcoin-focused VC investor since its inception in 2021 with 70+ investments to date, announces plans to invest in teams building with sBTC. 1/3
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