cryptonews.net
Stacking DAO, a liquid staking protocol on Stacks, has announced stBTC, a new liquid staking token for Bitcoin. The token will launch together with the upcoming Bitcoin Staking release on Stacks and will allow $BTC holders to earn staking rewards while keeping their assets available for use across the ecosystem.
After staking Bitcoin, users will receive stBTC, which can be transferred or used in DeFi applications without waiting for the original $BTC to unlock. The protocol expects the initial base yield to be around 3%, depending on network parameters.
The token will be compatible with existing Stacks applications, including Zest Protocol, a Bitcoin-backed lending platform, and BitFlow, a decentralized exchange for digital assets.
The staking rewards are expected to come from economic activity on the Stacks network. Bitcoin spent by miners to secure the network is distributed to participants in the staking system, creating a reward model based on network usage rather than token emissions.
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