<ul><li>Bitcoin L2 Labs has released sBTC on the Stacks mainnet, bringing programmable Bitcoin capabilities to decentralized finance applications.</li><li>Users can deposit Bitcoin in exchange for sBTC tokens at a 1:1 ratio, with initial release allowing deposits up to 1,000 BTC and offering annual Bitcoin rewards of approximately 5% paid in sBTC.</li><li>The system leverages Bitcoin's hash power for transaction finality, distinguishing it from proof-of-stake alternatives, and uses an institutional signer network for the conversion process.</li><li>sBTC's launch expands Bitcoin's role beyond value storage, allowing integration into lending platforms, decentralized exchanges, and other applications in decentralized finance.</li></ul>

Bitcoin Gets DeFi Upgrade: Stacks Launches Bitcoin-Backed sBTC for Smart Contracts

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