Satoshi had a vision. A separate network sharing CPU with Bitcoin.
Stacks: secured by 100% of Bitcoin's hash power and bringing Bitcoin-native finance to life.
@reubs_btc@fomo I had a public wallet once. Created it, bought a first coin, held it 3 days and sold all at a small loss. 5 days later, that coin did x40+ 😒 My timing and instinct were perfect, execution… not so much
Hold BTC. Earn BTC. That's what Bitcoiners want.
Today we're publishing the Bitcoin Staking whitepaper.
Self-custodial. BTC-denominated yield.
Here's what it is and why it matters 🧵
I took a couple years break from crypto. Looking at some projects now I’m sad to see they are inactive. For example $MAX the #Stacks duck (@stacksduck) is not active here on X, seems forgotten, price super low. I loved (still do) everything about that little duck with sunglasses
In 1831, Faraday discovered electromagnetic induction, the principle behind the electric transformer and generator. This discovery was crucial in allowing electricity to be transformed from a curiosity into a powerful new technology.
ALEX Community Update: Commencement of Buyback & Burn and Close of TGP
Following governance approval of End of Emissions, Token Buyback and Burn, Close of TGP, the buyback-and-burn phase is being initiated and the Treasury Grant Program is now formally closed, after claims remained open for more than two years.
Where things stand:
🔸Emissions are tapering to zero
ALEX is in its final emissions cycles; farming and staking rewards reach zero from cycle 409, after which no new $ALEX will ever be issued. Rewards continue through the remaining cycles and wind down with them; no action is required from participants in the meantime.
🔸 Buyback and burn commences soon
The unclaimed STX remaining in the TGP treasury at the close of the grace period (approximately 1.44 million STX, swept to the DAO treasury on execution of AGP-633) initiates the program; protocol revenue in excess of essential operating costs sustains it thereafter. Both fund the buyback and permanent burn of $ALEX. Purchases are made at the Foundation’s discretion at prevailing market prices over time; no start time, schedule, per-purchase size, or execution method will be published in advance.
🔸 TGP 2024 is closed
A two-week governance vote approved the close of claims, followed by a 30-day grace period for remaining TGP 2024 claims that concluded on July 1. TGP 2024 has now formally closed. Obligations under TGP 2025 were fully discharged previously.
This marks the protocol’s transition from an inflationary to a deflationary token model.
Also of note: Brotocol aBTC and aUSD peg-out window has closed
As Brotocol moves to a new chain, the standard peg-out window for Stacks-based $aBTC and $aUSD has closed. Per Brotocol, assets remain recoverable; peg-outs are now handled directly with the Brotocol team on an ad hoc basis, see 🔗https://t.co/fvY05SNPXi
A transparency report covering treasury disposition and buyback-and-burn activity will be published in due course.