stBTC is live on @Stacks. Deposit and earn Bitcoin Staking yield that auto-compounds in BTC, up to a 2.6% target yield produced by Stacks Bitcoin Staking. Allocation is limited, first come first serve.

Bitcoin Collateral Vaults. Bitcoin rules for your BTC collateral.

Institutional capital validates Bitcoin Staking. Liquid staking makes that yield usable across @Stacks.

Cycle 143 on @Stacks has now closed. Big numbers

8.3M+ STX is queued to enter the Stacking DAO native pool at the next cycle. That takes native staking on Stacking DAO to 55M+ STX, up from 47M a week ago. The pool charges 0% fees and pays BTC rewards every cycle.

Bitcoin Staking becomes composable through stBTC. The token is transferable and usable across Stacks DeFi, including as collateral on @ZestProtocol.

0.25 BTC a month goes to USDCx borrowers on @ZestProtocol for 90 days. stBTC is eligible collateral. Deposit stBTC, borrow USDCx at 20% LTV or above, and the Stack Sats rewards land on top of the Bitcoin Staking yield the collateral already earns.

The yield behind stBTC, explained by the Stacks Labs CTO. Bitcoin Staking pairs bonded sBTC with STX and targets 3% gross. stBTC is the liquid, auto-compounding way to hold that position on @Stacks.

And so it begins for stBTC on @Stacks

BTC earning BTC

Bitcoin staking rewards are flowing in

I’ve been testing an sBTC loop on Zest Protocol on @Stacks. They're currently running an incentive campaign for 0.5 BTC every month. Here's a quick farming guide↓ 1. $sBTC + $USDCx This is the loop I tested first, since USDCx borrowing is also part of the incentive campaign. → Supply sBTC on @ZestProtocol → Borrow 40-50% USDCx against it → Swap the USDCx into more sBTC → Supply that sBTC back into Zest → Repeat several times I’m personally aiming for roughly 50-55% LTV. With USDCx debt, partial liquidation starts at 70%, so that leaves me roughly a 15-20% BTC drop before reaching the liquidation threshold. Just keep monitoring the price, and it'll be okay. 2. Other loops USDCx isn’t the only asset you can borrow against sBTC. The debt you choose basically changes what you’re trying to achieve with the loop: → sBTC Borrow sBTC and resupply it. Since the collateral and debt move together, there’s much less price mismatch, which is why Zest allows up to 80% LTV. → USDh Works similarly to my USDCx strategy. Borrow the stablecoin, swap it into more sBTC, then resupply. The difference right now is that USDCx borrowing qualifies for the new incentives. → STX / stSTX Borrow either asset, swap it into sBTC, and resupply. This becomes more of a relative-value trade because you benefit if sBTC performs better than the asset you borrowed. The last one carries much more cross-asset risk, which is reflected in the much lower 30% max LTV. So all three are pretty similar. The main difference is the level of cross-asset risk. Again, I'd go for borrowing USDCx because of the incentive campaign. 3. TL;DR For this, I'd say choose a strategy based on your short-term outlook for Bitcoin: → Bullish on BTC - USDCx/USDh debt gives the most direct leveraged BTC exposure. → Neutral on BTC - sBTC debt makes the most sense if the supply/borrow spread and incentives justify it, since I’m not really taking a BTC directional bet. → Bearish on BTC - sBTC debt is the more defensive loop because the collateral and debt fall together. Realistically tho, reducing leverage is safer than trying to optimize a loop for a BTC drawdown. Overall, there’s no single best loop here. Personally, my focus is on the incentives. Disclosure: I’m a long-time $STX holder and Stacks supporter.

stSTX APY is up to 6.79%, from 4.78% on 8 September. Rewards compound into the STX backing each token. Your stSTX stays liquid and usable across @Stacks DeFi while its value in STX grows.

Be like @muneeb, just use Stacking DAO.

Bitcoin yield, with the Bitcoin still usable in DeFi. Live today with stBTC on Stacking DAO.