Stacks: sBTC Cap-2 has launched with a maximum cap of 3,000 BTC

BlockBeats News, March 1st, the Stacks team officially announced on social media that sBTC Cap-2 is now live with a maximum cap of 3,000 BTC. Users simply need to hold sBTC to start earning up to a 5% real Bitcoin reward APY.

Reportedly, sBTC is an asset on the Stacks Bitcoin L2 that is pegged 1:1 to Bitcoin. It will enable developers to create efficient use cases for BTC, opening the door to Bitcoin DeFi, NFTs, and more. sBTC leverages 100% Bitcoin finality for Bitcoin security and benefits from fast transactions. Its launch will drive the full activation of the Bitcoin economy on Stacks.