Stacks Updates

A packed booth for Stacks at Token 2049 in Singapore. The BD team is making some great connections to further strengthen the leading Bitcoin L2. Great chance to meet the Stacks folks, learn more about the ecosystem, and discuss the future of the Bitcoin economy.

The Stacks Vibecoding hackathon has kicked off with hundreds of builders registered. It's now time to ship new interesting Stacks apps by leveraging AI tools. Bitcoin developers can practice their AI skills and compete for a $25K prize pool. Register for the hackathon and submit your project here: https://dorahacks.io/hackathon/stacks-vibe-coding/detail

A great achievement by the BD team with Gate now officially listing sBTC. A tier-1 exchange is giving 30M+ users worldwide the chance to put their BTC to work on Stacks. This listing signals growing Bitcoin DeFi adoption, with Stacks leading the way.

Over $100K is allocated for DeGrant Cohort 3. Stacks builders now have the chance to secure funding and support to build their protocols. With multiple tracks open, this cohort will fuel growth across key verticals and help the next wave of projects thrive on Stacks. Apply for DeGrants Cohort 3 here: https://degrants.xyz/cohort3/giveaway

There is officially no more cap on sBTC deposits. Now anyone can bring any amount of BTC onto Stacks through sBTC. From lending to LPing and more to come, BTC holders can use their capital productively across the ecosystem. Stacks is unlocking the Bitcoin economy for everyone.

The ecosystem is pushing for even closer alignment with Bitcoin: • sBTC cap removal goes live tomorrow, letting anyone freely deposit BTC • SIP proposal to bring Bitcoin addresses to Stacks for a Bitcoin-like UX • Dual Stacking to allow earning yield by stacking BTC

There’s never been a better time to start building Bitcoin apps on Stacks: - $100K DeGrants cohort kicking off - Interim Grants in place until the full Grants program launches - Expedition 31 with new workshops, challenges, and hackathons - sBTC cap removal goes live Sep 16

Ever wanted to join a Bitcoin-focused hacker house? The Expedition 31 initiative is how you do it. Learn Stacks development, join hackathons and events, meet new people, and more. Devs who show commitment and impact will make their way into the hacker house. To be eligible, register for Expedition 31 here: https://stacks.org/ascent/31

Thanks to the work across the Stacks entities, another step for BTC adoption is coming. On Sept 16: - sBTC caps removed - Minimum deposit lowered to 0.001 BTC With inflows & outflows no longer capped, this marks an important moment for expanding sBTC adoption. Read about the sBTC cap removal here: https://x.com/BitcoinL2Labs/status/1965482613298323765

With the Growth Endowment being activated, it’s crucial that all resources reach builders quickly. The new Interim Grants program is a bridge to the full Grants program, designed to meet different needs now. This is a great step toward accelerating Stacks development together. Learn more and apply for grants here: https://stacks.org/sip-31-interim-grants

The next phase for Stacks is all about accelerating growth and adoption: - $100K DeGrants Cohort announced - SIP-031 Interim Grants rolling out - Builder Program Expedition 31 revealed - Work for a fully operational Endowment completed

Wherever the major Bitcoin and crypto events are, Stacks will show up to onboard more people into the ecosystem. From Bitcoin Asia and Token2049 Singapore to Bitcoin Builders: Buenos Aires and Bitcoin Amsterdam, and more. Check the major Bitcoin events where Stacks will be present this year: https://stacks.org/stacks-bitcoin-global-events

After SIP-031 passed, contributors began forming Stacks Labs to activate the Endowment and support core ecosystem functions. Various activities have been undertaken to further accelerate this process. Here are a few highlights worth noting. 🧵 ⬇️ https://x.com/StacksOrg/status/1961443765815816519

The BD team has consistently secured tier-1 integrations in recent months. From Nansen and Mozo to Wormhole and Axelar, each one pushes the ecosystem forward. With the new endowment coming to life, this momentum is only set to accelerate further.

What’s happening on Stacks lately? - Zest is closing in on $100M TVL and $10M in borrowing - Stacking DAO is approaching the 100M STX in deposits milestone - $360M+ traded on Bitflow, now building HODLMM, a concentrated liquidity engine - Granite points program is coming soon

The endowment will unlock new grant opportunities for the ecosystem. Now is the time to define the guidelines together. Which models should we learn from, what should grants optimize for, and how should grantees be held accountable? Help shape the future of Stacks grants. ⬇️ https://forum.stacks.org/t/help-shape-the-future-of-stacks-grants/18268

The LearnWeb3 courses are one of many initiatives launched to support ecosystem builders. Through this collaboration, devs can go from the basics to advanced concepts of Stacks development. Check out Course 3 to learn how to build Bitcoin DeFi protocols on Stacks. Access the Stacks Developer Degree here: https://learnweb3.io/degrees/stacks-developer-degree/de-fi-on-stacks/

SIP-031 introduces a growth endowment, unlocking new grants, DeFi liquidity deployments, a CMO hire, and more. The steps to bring it to life are already in motion and accelerating. Follow along with the Endowment Tracker for every milestone ⬇️ https://stacks.org/31/

Another big win by the BD team with Moso, the global crypto rewards platform, now integrates sBTC. Stacks users can spend their sBTC at 2,000+ top stores and earn crypto back on every purchase. One more step in making Bitcoin productive through Stacks.

There’s plenty of excitement in the market right now. What’s even more exciting is building the Bitcoin economy and meeting growing institutional demand. As an ecosystem, we’re working to make Stacks the go-to destination for everything Bitcoin.