Bitcoin L2 Labs, the development firm behind Bitcoin layer-2 Stacks, has announced the mainnet release of sBTC, Stacks’ programmable 1:1 BTC-backed asset.
sBTC allows the decentralized movement of BTC in and out of Bitcoin layers. With sBTC, investors can access decentralized finance (DeFi) applications while maintaining Bitcoin’s core security principles.
Its mainnet release follows the Nakamoto upgrade, which introduced faster transaction speeds and 100% Bitcoin finality to the Stacks network. Implemented in October, the upgrade provided the technical foundation for the successful launch of sBTC.
Deposit-Only Mode
According to a press release sent to CryptoPotato, sBTC deposits will be available on the Stacks mainnet starting December 17, 2024, with withdrawals expected in March 2025.
L2 Labs noted that the initial phase of the sBTC launch introduces deposit-only functionality, allowing users to mint sBTC by depositing Bitcoin on Stacks. The platform has set a temporary cap of 1,
We współpracy z: https://cryptopotato.com/sbtc-launches-on-stacks-mainnet-with-deposit-only-functionality/
