Stacks Updates
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Stacks updates and announcements.
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Bitcoin is the most-known cryptocurrency worldwide 🟧

So many own BTC but can't do much with it

As L2s unlock Bitcoin DeFi and NFTs, they will benefit from the Bitcoin network effects

Solving pain points for BTC holders is a huge market opportunity πŸ˜‰
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Bitcoin is recognized as a store of value. Ethereum has become well-known for its mature DeFi sector and NFTs. Solana is recognized for its excellent UX.

What will Bitcoin L2s be famous for?
Anonymous Poll
68%
For scaling Web3 usecases on Bitcoin
27%
Power up the future of commerce via DeFi
5%
Something else? Let us know your opinion
The Hiro Hacks is a great initiative to start building Web3 on Bitcoin πŸ› 

Weekly coding challenges with BTC prizes will start from December 1st

The 10 best weekly project submissions will earn 300K sats each! 🀯

Register now to Hiro Hacks: https://www.hiro.so/hacks
The XLink bridge will connect the Bitcoin ecosystem to other EVM chains πŸŒ‰

ALEX Labs work will help create new opportunities to develop innovative use cases

Activating the Bitcoin economy also means increasing its interoperability with the overall Web3 world
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Every Stacks builder is focused on developing its own product and service ⛏

But shaping the narrative and spreading your message is key to a successful app πŸ“£

πŸ“ Join the Bitcoin writers cohort to learn how to get amplified by the community and connect with builders

Register now as the first cohort will be starting December 7th: https://bitcoinbuildersassociation.com/writers
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The Stacks token emissions is a key factor for miner participation and network growth

In fact, token emissions will also influence the overall impact of sBTC

Join the AMA this Friday at 12pm ET to discuss the necessity of changing emission schedule:
https://twitter.com/i/spaces/1ypKdkayXRrxW/

Moreover, read the latest reports and recommendation on STX emissions here:
https://forum.stacks.org/t/stacks-halving-schedule-reports-and-recommendations/15774
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The Nakamoto and sBTC upgrades will happen only if the community votes on moving forward with the SIP

To facilitate informed voting, educational resources, and crucial discussions have been prepared

Learn more about voting and access resources belowπŸ‘‡
https://buff.ly/3N6G6Sx
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Contributing to the Bitcoin ecosystem doesn't necessarily mean you have to build a next-gen, innovative application.

How would you like to contribute to the Bitcoin network growth? Remember that the hardest part, it's taking the first step
Anonymous Poll
23%
Developer
18%
Community Manager
13%
Social Media Educator
11%
Technical Research
18%
Business Development
18%
Other? Let us know
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Exciting to witness the increasing adoption of sBTC, paving the way for a thriving Bitcoin economy! πŸš€

Over 150 users have tried out the Hermetica Finance application integrating sBTC!

Moreover, great work from Bitflow Finance DEX on integrating sBTC swaps on testnet

The community input is crucial in refining the user experience for sBTC and get one step closer to activating Bitcoin-backed DeFi via sBTC

BTC holders will finally be able to productively use their holding in many different ways 🟧
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Two prominent Web3 investment firms have recently dropped their analysis on Stacks and Bitcoin Layer 2 solutions.

Here's a glimpse into their key insights:

πŸ” Strong Bitcoin Blockspace Demand: The surge in demand, especially fueled by Ordinals and BRC-20, proves a robust appeal of Bitcoin's blockspace

🌐 Reinforced Global Asset Status of BTC: Bitcoin's ongoing strengthening of its brand and the potential incoming Bitcoin ETF further solidify its position as a global asset

⚑️Growing Demand for Active BTC Use: The increasing demand for actively using BTC to enhance its utility is a clear indicator of the evolving landscape

These milestones and narratives are confirming the need for Bitcoin L2s, such as Stacks, to explore more complex BTC applications.

Moreover, the upcoming Nakamoto and sBTC upgrades are poised to unleash a wave of innovation and possibilities for DeFi and Web3 apps in the Bitcoin ecosystem.

Read the investment firm thesis here:
β€’ North Rock Capital LLC - https://medium.com/@halp1120/stx-thesis-update-cd09b7f2cce8
β€’ Portal Ventures - https://portal.vc/bitcoin
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sBTC opens doors to Bitcoin-backed apps, but other perks can also be integrated:

β€’ sBTC as gas for a smoother experience for BTC holders
β€’ Simplify BTC to sBTC peg-in via OP_DROP mechanics

πŸ“…Join the AMA this Friday to explore these features in detail:
https://twitter.com/i/spaces/1BRKjPOOpLNJw
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sBTC and the Nakamoto upgrade will unlock new DeFi use cases for Bitcoin

But why not familiarize yourself with the Stacks DeFi ecosystem right now?

β€’ Zest Protocol: A BTC lending protocol
β€’ Bitflow Finance: A Bitcoin focused DEX
β€’ Hermetica Finance: Bitcoin vaults strategies
β€’ ALEX Lab: Bitcoin DeFi products
β€’ Arkadiko Finance: Self-Repaying loans

What kind of DeFi products would you like to see on Bitcoin L2s?
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Join us today for an exciting AMA happening in just a few hours!

πŸ” Explore the dynamics of using sBTC as gas and dive into the enhanced sBTC peg-in experience with OP_DROP

Don't miss out! πŸ“’ Tune in here:
https://twitter.com/i/spaces/1BRKjPOOpLNJw
As the year comes to an end, it was clearly a standout one for Bitcoin

Ordinals, BRC-20 tokens, and L2s have revived the Bitcoin culture

Now is the time to double down on development and help new users in their Bitcoin journey
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The Bitcoin DeFi ecosystem is still emerging and in its infancy

Yet, in other ecosystems, various DeFi verticals have emerged What DeFi applications would you be more interested in seeing developed on Bitcoin L2s?
Anonymous Poll
41%
Lending protocols
25%
Dexes
14%
Derivatives and options
11%
Vaults strategies
6%
NFT-FI
22%
Bridges
49%
Liquid Staking with STX
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The VanEck recent article highlights trends they expect in 2024

Smart contract apps unlocking new Bitcoin yield opportunities is one of them

It's time for the Stacks DeFi ecosystem to thrive and enable new use cases for Bitcoin
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Figment, the leading staking solution for institutional players will support STX stacking

Additionally, they're offering user-friendly infrastructure options for sBTC network signers

They're paving the way to position sBTC as a go-to asset in the Bitcoin ecosystem

Read the whole announcement here:
https://figment.io/insights/figment-to-enable-bitcoin-l2-rewards-with-upcoming-support-of-the-stacks-layer
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Bitcoin halving is approaching, meaning sBTC and Nakamoto activation is close

Nakamoto promises faster blocks and 100% Bitcoin finality

sBTC will unlock Bitcoin-backed applications, enabling new possibilities for BTC holdings

Bitcoin Layer 2s are maturing rapidly!
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Scaling and activating the Bitcoin economy is the mission of the Stacks ecosystem πŸ› 

πŸ’« Give a shoutout to the best Stacks projects, builders, and community members

Vote for your favorite Stacks contributors in 2023 πŸ‘‰ https://buff.ly/3GDYkaj

πŸ“Ί Moreover, don't miss the Space for the awards taking place tomorrow: https://buff.ly/3RCJjMa
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For the Nakamoto upgrade to proceed, we need your votes πŸ—³

πŸ€” But how familiar are you with the Nakamoto release?

Challenge your knowledge with this Quiz to ensure you're prepared to vote: https://buff.ly/3RnXe7D

Moreover, explore every aspect of the Nakamoto release with the guide linked belowπŸ”Ž

This resource will equip you for the voting process, providing a comprehensive overview of the upgrade πŸ‘‰ https://buff.ly/47P1ELA
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Big shoutout to StackingDAO on completing its audit

The imminent protocol launch is set to unleash $400 million worth of Stacking in the Stacks DeFi world

The Stacks ecosystem is always introducing cool new apps, and more will be built
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