Bitcoin Is More: sBTC Going Live With Unique Opportunities To Earn Bitcoin
//: December 12, 2024
Staff @ Bitcoin L2 Labs
sBTC will be a massive unlock for Bitcoin DeFi and being early has its benefits. The sBTC Rewards Program launches alongside sBTC with a unique opportunity for users to earn rewards and bootstrap Bitcoin’s new economy.
Stacks core contributors and the community-elected Signer set will deploy sBTC on Tuesday, December 17th at 11am ET! This post will preview the sBTC incentive program which will allow users to earn bitcoin rewards and include a few key reminders about the release!
Stacks core contributors and the community-elected Signer set will deploy sBTC on Tuesday, December 17th at 11am ET! This post will preview the sBTC incentive program which will allow users to earn bitcoin rewards and include a few key reminders about the release!
The sBTC Rewards Program: Earn Bitcoin with sBTC
It’s simple: earn by holding sBTC and selecting to enroll in the program. The sBTC Rewards program enables participants in the program to earn Bitcoin by simply holding sBTC. No staking, no points, no convoluted steps. The program offers up to ~5% annual Bitcoin rewards simply for holding sBTC, paid in sBTC. A user simply needs to deposit BTC to mint sBTC, then enroll in the program and hold.
TL;DR
- Users can earn up to 5% annual rewards on their bitcoin, paid in sBTC every ~2 weeks
- Users remain liquid and do not need to stake or lock to earn rewards
- Users can withdraw their sBTC in March 2025
- Users will have additional opportunities to engage in sBTC-related incentive programs from builders on the Stacks layer
- sBTC will be released with an initial cap of 1000 BTC, users hoping to earn rewards should be prepared to move quickly
Unleashing BTC in DeFi
Further, with the sBTC Rewards Program your sBTC remains liquid and flexible. sBTC does not need to be locked up, allowing holders to freely use their assets in DeFi protocols. This liquidity enables users to compound growth opportunities by leveraging sBTC for lending, trading, or other on-chain activities, all while earning rewards.
Examples include:
- Deploy sBTC in Zest or Granite for additional rewards and borrow against your assets
- Borrow USDh against your sBTC and stake on Hermetica for up to 25% additional yield
- Deposit sBTC in a liquidity pool on Bitflow, Velar or ALEX and earn trading fees
- Create an AI agent on aiBTC and fund it with sBTC
Get Started: Enroll in the sBTC Rewards Program
Head over to the program page and subscribe to be notified when sBTC Rewards Program is available. Instructions will be made available on the site in the coming days so that you can be prepared to pounce on this unique opportunity. sBTC will be released with an initial cap of 1000 BTC, so you will need to be prepared to act if you want to be part of the initial wave of reward earners.
Final sBTC Reminders:
- sBTC rolls out in designated phases, the first phase opens for deposits only. Learn more about the rollout: https://bitcoinl2labs.com/sbtc-rollout
- Users are rewarded for participating in this initial bootstrapping period, users can sign up for notifications at https://bitcoinismore.org/
- sBTC is a SIP-010 asset, following the token standard of the Stacks layer
- sBTC Documentation can be found here: https://docs.stacks.co/concepts/sbtc
- Basic information about sBTC can be found here: https://stacks.co/sbtc
Bitcoin is More Than You think
Bitcoin isn’t just digital gold sitting in a vault — it’s the hardest form of programmable money ever invented. sBTC represents a new era for Bitcoin holders. By unlocking the ability to earn yield on BTC without sacrificing liquidity, sBTC transforms passive Bitcoin into a productive asset. Join the movement and experience how Bitcoin is more. Start earning with sBTC on December 17, 2024.
Disclaimer
This blog post is for general informational purposes only and should not be construed as advice or guidance. The information provided has not been tailored to any specific individual, facts, or circumstances. Readers are cautioned that the content may become outdated or inaccurate over time and should not be relied upon without conducting their own independent verification and investigation. BitcoinL2 Labs assumes no obligation to update, correct, or revise any information presented in this blog post.
BitcoinL2 Labs does not own, control, manage, or profit from the sBTC token, its ecosystem, or any associated projects. Additionally, BitcoinL2 Labs does not manage sBTC, its rewards program, or any related activities. References to sBTC in this blog post do not constitute recommendations, investment advice, or an invitation to engage in cryptocurrency-related activities.
The sBTC rewards program operates independently through decentralized smart contracts. Participation in the program is entirely at the discretion and responsibility of individual users. Users must affirmatively enroll in the program. **Readers are strongly encouraged to consult qualified financial, legal, or tax professionals before participating in sBTC or any cryptocurrency-related activities. BitcoinL2 Labs disclaims all liability for any loss, damage, or consequences resulting from reliance on this blog post or engagement with cryptocurrency-related activities.
BitcoinL2 Labs does not own, control, manage, or profit from the sBTC token, its ecosystem, or any associated projects. Additionally, BitcoinL2 Labs does not manage sBTC, its rewards program, or any related activities. References to sBTC in this blog post do not constitute recommendations, investment advice, or an invitation to engage in cryptocurrency-related activities.
The sBTC rewards program operates independently through decentralized smart contracts. Participation in the program is entirely at the discretion and responsibility of individual users. Users must affirmatively enroll in the program. **Readers are strongly encouraged to consult qualified financial, legal, or tax professionals before participating in sBTC or any cryptocurrency-related activities. BitcoinL2 Labs disclaims all liability for any loss, damage, or consequences resulting from reliance on this blog post or engagement with cryptocurrency-related activities.