New! Leading Pre-seed VC Firm Portal Ventures @PortalVentures to back sBTC 🟧
Portal is the foremost crypto fund dedicated to leading pre-seed crypto startups. It recently unveiled its $75 million fund II backed by figures including Chris Dixon, Marc Andreessen, and others. 1/5
New! Leading Pre-seed VC Firm Portal Ventures @PortalVentures to back sBTC 🟧
Portal is the foremost crypto fund dedicated to leading pre-seed crypto startups. It recently unveiled its $75 million fund II backed by figures including Chris Dixon, Marc Andreessen, and others. 1/5
Zest is becoming the hub for stablecoin liquidity!
USDh and sUSDT are thriving on Zest, with the protocol tvl growing rapidly
let's look at the numbers ⬇️
Bitcoin’s next wave of adoption starts here 🧡
Stacks Asia’s Exec. Director, @kyleellicott, took the main stage at @BTCON_Seoul to showcase how @Stacks is powering the future of Bitcoin building with programmability and speed 🟧
Together w/ @renapshah@dylan_ & more.
when we first started working with @Stacks, hardly anyone knew you could build on Bitcoin.
now, over 100,000 developers and several @easya_app x @Stacks hackathons later, it’s clear that if you want to build on Bitcoin, you need to build with Stacks 🔥
been absolutely epic bringing our gigabrain devs to stacks.
2025 is going to be even bigger 🚀
sBTC testnet is already live ✅
sBTC mainnet on dec 16 🔥
the plan is for a controlled launch: first with deposits-only and a reasonable cap, then keep increasing the BTC cap, remove cap, and open up withdrawals.
most imp upgrade for stacks.
the bitcoin must flow 🟧
Top Weekly Community Questions
1️⃣ What should I do during Voting & Staking Stage?
🔸Vote with your ALEX & LiALEX. We've enabled weighted voting, so you can split your vote between different pools. You can only VOTE ONCE so make sure its your final decision.
🔸Staking your favorite LP pools. Surge rewards, both ALEX and community tokens, will 100% go towards Surge LPs alone. You can stake an unlimited number of times in any pool!
2️⃣ Does the Social Leaderboard decide how the 1M in ALEX Surge emissions is distributed?
🔸The Social Leaderboard determines how 1M in Foundation votes are allocated. This is the first and very large vote of the Vote & Staking stage. During the week, other ALEX and LiALEX holders will have a chance to vote as well. How 1M in ALEX is awarded, will depend on the final vote tally at the end of the stage.
3️⃣ I have LP tokens from meme coin pools, how do I use them in Surge?
🔸Surge LP pools and standard LP pools run in parrallel but the rewards are separate. If you hold LP tokens for a pool and you want to Stake them into Surge, you can withdraw the liquidity and move it into the Surge pools. If those tokens are locked in Farming, you have to wait until farming cycle conclude to do so. Surge is year long campaign so there will be time for all tokens being farmed to unlock and participate.
4️⃣ I'm already an LP for my favorite memecoin pool on ALEX, will I receive Surge rewards?
🔸No, Surge rewards are only for Surge LPs who stake during the Voting & Staking stage. You can withdraw the liquid of your standard LP tokens and transfer them into Surge LP tokens, or you can add additional liquidity to the Surge LP pools.
5️⃣ How do I know what the pool APR rewards will be?
🔸Pool APRs will fluctuate throughout the Voting & Staking stage depending on vote ranking, community rewards and numbers of LPs per pool. The APRs won't be final into the stage ends. You can stake an unlimited number of times, so if you are concerned about APRs changing, spread out your Staking over time so you can see how the stage and rewards are evolving.
Bitcoin has asserted itself in the financial mainstream.
It's amazing, and expected, and great for the price of BTC - it is also foreshadowing the era of Bitcoin L2s.
Bitcoin's current Wall Street'ization is a prelude of the ultimate need for BitcoinL2s. BTC is a new global monetary asset class with product market fit as a store of value. Just like with the US dollar, there is an inherent need to put that value to work as a productive asset. Lend it, borrow against it, earn basic interest on it, trade it - basically optimize and leverage its value in a range of ways, whichever you are most comfortable with!
So now in 'tradfi' you have all these financial trappings (if you will) emerging to capitalize on the value of and demand for Bitcoin - ETFs, options & derivatives, collateral to take out $USD loans, and more.
Yes, this is what the people want and need - and there will be so much more - but do you really think this system is ultimately going to be built on old rails with central intermediaries abound?
This is just a transitional phase - it will be built on decentralized Bitcoin layers like @Stacks and others.
BitcoinL2s FTW 🟧🚀
Congratulations to our partners @Stacks on ranking as the second Layer 2 on Forbes! 🔥
Expect them to claim top spot with all the gigabrains we're bringing into the ecosystem 📈
The Bitcoin-backed stablecoin is now LIVE on Zest! 🍊
You can earn yield and borrow against your $USDh 24/7
Deposits earn:
🔸20x(!!!) Hermetica Points
🔸2x Zest Points
🔸A raffle ticket for a $500 prize pool 🎁 (more below)
We're bullish on @HermeticaFi 👇
If you could keep your BTC and make it work for you, would you take the leap? 🚀 Are you’re ready to unleash the full power of your Bitcoin with sBTC on Arkadiko!
The future of BTC in DeFi starts here! 💪🔥
This week, multiple US public companies bought #Bitcoin.
But they didn't just buy a little bit. As co-host @marshallmixing explained, they're nearly ALL IN 👇