Stacks Updates
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Stacks updates and announcements.
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Stacks is moving towards activating the Bitcoin economy.

Nakamoto fast block times & Bitcoin finality are key steps to reach this goal.

Discover the new Nakamoto website for an in-depth look at the upgrade & explore the updated Stacks brand.πŸ‘‡πŸ‘‡

- Stacks Brand Refresh: https://buff.ly/3SUbcyN

- Nakamoto Website: https://buff.ly/3uYN06b
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Stacks Updates pinned Β«Stacks is moving towards activating the Bitcoin economy. Nakamoto fast block times & Bitcoin finality are key steps to reach this goal. Discover the new Nakamoto website for an in-depth look at the upgrade & explore the updated Stacks brand.πŸ‘‡πŸ‘‡ - Stacks…»
The Ready Layer 2 hackathon is starting next week!

It's an opportunity to build and pitch your Bitcoin product.

Exclusive rewards can be earned from $15,000 pools to exclusive opportunities.

Register now at:
https://readyl2.com
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The Nakamoto upgrade is paving the way for sBTC.

sBTC will make Bitcoin a fully programmable asset and unlock its true potential.

It will fuel the growth of a Bitcoin-baked DeFi ecosystem, creating new use cases for BTC holders.
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Only a few days left to vote for the Nakamoto upgrade.

This upgrade is key to unlock many benefits:
β€’ Faster blocks
β€’ Bitcoin finality
β€’ Introduce sBTC

Don't miss your chance to shape the future of Stacks: https://stx.eco
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8 new Signers have been onboarded on Stacks.

These include Blockdaemon, Luxor, Kiln, Near Foundation, DeSpread, Restake, Chorus One, and Alum Labs.

They will play a key role in block production and Stacks decentralization once Nakamoto goes live.

Read more about it here: https://buff.ly/49BAAAz
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Only 3 days left to vote for the Nakamoto upgrade ⏳

Why is it so important for the Stacks community to participate? πŸ—³

Stacks is a decentralized ecosystem, so everyone's vote counts to define the chain's future.

Moreover, Nakamoto is crucial to improving Stacks L2. ⬇️ 🧡


What are the benefits of the Nakamoto release?

β€’ Faster block times for improved UX ⚑️
β€’ Increase security with 100% Bitcoin finality πŸ›‘
β€’ Enables sBTC, which will unlock the Bitcoin economy 🟠

The upgrade will mark a new Stacks era, enabling further Bitcoin scaling.


Now, how can you cast your vote for this key Stacks release?

You can find a step-by-step guide on STX ECO, the voting platform for protocol changes: https://stx.eco

Moreover, here is a comprehensive resource to explore Nakamoto:
https://buff.ly/3uYN06b
How fast is Stacks growing?

Signal 21 dashboards can give a few insights:

β€’ Stacks crossed 1,000,000 unique wallets
β€’ Active accounts have skyrocketed
β€’ Supply of stSTX hits 22+ million
β€’ Synthetic USD supply increasing since 2023
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Unlocking BTC capital is the next big step for the Bitcoin ecosystem.

L2s like Stacks are set to play a key role in enabling Bitcoin-focused apps.

With the upcoming sBTC release, expect:

β€’ Holders to productively deploy BTC
β€’ Developers to create new use cases for BTC
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For a long time, many thought nothing could have been built on Bitcoin.

The past year has seen a renaissance within the Bitcoin ecosystem.

Layers 2, Ordinals, and other innovative infrastructure are emerging quickly.

The digital economy on Bitcoin is becoming a reality.
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What happened on Stacks in the last few weeks?

β€’ Beta launch of Signal 21, the Bitcoin data platform

β€’ 8 new Signers onboarded to enhance Stacks security

β€’ Zest Protocol lending markets went live

β€’ New Stacks coding tasks launched on EasyA app
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Despite the various criticism about Bitcoin, it is stronger than ever.

β€’ BTC is increasingly recognised as a valuable asset
β€’ L2s are maturing and scaling the Bitcoin ecosystem

Bitcoin may be seen as digital gold, yet it's also laying the foundation for a digital economy.
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After the Nakamoto upgrade, sBTC emerges as the next crucial release on Stacks.

By facilitating Bitcoin-backed applications, sBTC will attract fresh builders to the ecosystem.

They will focus on making BTC the go-to asset for DeFi and decentralized protocols.
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sBTC is all about enabling Bitcoin-backed protocols.

With the Bifrost Network collaboration, sBTC will be used as collateral across other DeFi apps.

Read more about the integration here:
https://stacks.org/bifrost-stacks-collaboration
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Why L2s are a positive development for the Bitcoin ecosystem?

By unlocking BTC capital, they enable to build a digital economy on top of Bitcoin.

As programmability is enhanced, a new range of Bitcoin use cases will emerge.
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L2s already represent a significant part of other chains' activity, showcasing their success as a scaling solution.

Bitcoin is next in line to reap the benefits, with L2s opening doors to fresh use cases for the ecosystem.
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A lot is happening on Stacks, and keeping up with the ecosystem can be hard.

Just this week, ALEX became the largest Bitcoin L2 DeFi app, and Bifrost network pledged to support sBTC.

Subscribe to Stacks Snacks for weekly recaps and news

https://buff.ly/3wRtUj1
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The Stacks Nakamoto upgrade has been approved πŸŽ‰

Almost 100% of the STX holders voted in favor of the release. πŸ’―

What are the next steps from here? πŸ€”

Expect the Nakamoto mainnet activation window between May 15-29. πŸ“…

Read more about Nakamoto approval here:
https://stacks.org/nakamoto-upgrade-approved
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A week full of milestones for Stacks DeFi:

β€’ Arkadiko Finance 2.0 was released today

β€’ Velar AMM is now live with the first trading pairs

β€’ Stacking DAO and ALEX are the largest DeFi apps on any Bitcoin L2

The Stacks DeFi ecosystem is heating up!
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