Bitcoin L2 Labs has launched sBTC on the Stacks mainnet with deposit-only functionality.sBTC allows the decentralized movement of BTC in and out of Bitcoin layers.Deposits for sBTC will be available on the Stacks mainnet starting December 17, 2024, with withdrawals expected in March 2025.Depositors of sBTC will receive up to 5% annual Bitcoin rewards, paid in sBTC, for holding the asset.