• bitcoinBitcoin (BTC) $ 115,901.00
  • ethereumEthereum (ETH) $ 4,526.46
  • xrpXRP (XRP) $ 3.00
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 931.24
  • solanaSolana (SOL) $ 236.37
  • usd-coinUSDC (USDC) $ 0.999705
  • dogecoinDogecoin (DOGE) $ 0.268734
  • staked-etherLido Staked Ether (STETH) $ 4,521.14
  • tronTRON (TRX) $ 0.346593
  • cardanoCardano (ADA) $ 0.864133
  • wrapped-stethWrapped stETH (WSTETH) $ 5,489.49
  • chainlinkChainlink (LINK) $ 23.53
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,883.15
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 115,966.00
  • hyperliquidHyperliquid (HYPE) $ 53.77
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • avalanche-2Avalanche (AVAX) $ 29.78
  • suiSui (SUI) $ 3.52
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.996020
  • wrapped-eethWrapped eETH (WEETH) $ 4,869.25
  • stellarStellar (XLM) $ 0.379736
  • bitcoin-cashBitcoin Cash (BCH) $ 596.78
  • wethWETH (WETH) $ 4,528.79
  • hedera-hashgraphHedera (HBAR) $ 0.235144
  • leo-tokenLEO Token (LEO) $ 9.57
  • litecoinLitecoin (LTC) $ 114.26
  • the-open-networkToncoin (TON) $ 3.16
  • usdsUSDS (USDS) $ 0.999376
  • crypto-com-chainCronos (CRO) $ 0.230482
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 115,936.00
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • polkadotPolkadot (DOT) $ 4.20
  • whitebitWhiteBIT Coin (WBT) $ 43.80
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.223941
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • moneroMonero (XMR) $ 308.00
  • uniswapUniswap (UNI) $ 9.14
  • mantleMantle (MNT) $ 1.65
  • ethenaEthena (ENA) $ 0.703706
  • bitget-tokenBitget Token (BGB) $ 4.96
  • daiDai (DAI) $ 0.999548
  • pepePepe (PEPE) $ 0.000011
  • aaveAave (AAVE) $ 295.51
  • memecoreMemeCore (M) $ 2.48
  • okbOKB (OKB) $ 197.05
  • jito-staked-solJito Staked SOL (JITOSOL) $ 291.07
  • nearNEAR Protocol (NEAR) $ 2.64
  • bittensorBittensor (TAO) $ 342.36
  • ondo-financeOndo (ONDO) $ 1.03
  • ethereum-classicEthereum Classic (ETC) $ 20.44
  • aptosAptos (APT) $ 4.40
  • worldcoin-wldWorldcoin (WLD) $ 1.51
  • pump-funPump.fun (PUMP) $ 0.008399
  • pi-networkPi Network (PI) $ 0.360328
  • story-2Story (IP) $ 9.26
  • binance-staked-solBinance Staked SOL (BNSOL) $ 253.16
  • usdt0USDT0 (USDT0) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,530.88
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.258079
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • arbitrumArbitrum (ARB) $ 0.493255
  • internet-computerInternet Computer (ICP) $ 4.67
  • kaspaKaspa (KAS) $ 0.084270
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.81
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 53.90
  • susdssUSDS (SUSDS) $ 1.07
  • cosmosCosmos Hub (ATOM) $ 4.47
  • myx-financeMYX Finance (MYX) $ 11.00
  • vechainVeChain (VET) $ 0.024248
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.033086
  • rocket-pool-ethRocket Pool ETH (RETH) $ 5,172.14
  • algorandAlgorand (ALGO) $ 0.232842
  • kucoin-sharesKuCoin (KCS) $ 16.00
  • gatechain-tokenGate (GT) $ 16.99
  • hash-2Provenance Blockchain (HASH) $ 0.040632
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,766.04
  • render-tokenRender (RENDER) $ 3.81
  • sei-networkSei (SEI) $ 0.316994
  • fasttokenFasttoken (FTN) $ 4.48
  • falcon-financeFalcon USD (USDF) $ 1.00
  • usdtbUSDtb (USDTB) $ 0.999523
  • bonkBonk (BONK) $ 0.000023
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,769.44
  • flare-networksFlare (FLR) $ 0.023106
  • official-trumpOfficial Trump (TRUMP) $ 8.53
  • bfusdBFUSD (BFUSD) $ 0.999853
  • skySky (SKY) $ 0.072156
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.641134
  • filecoinFilecoin (FIL) $ 2.41
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,896.64
  • jupiter-exchange-solanaJupiter (JUP) $ 0.507430
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 115,854.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999935
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,790.34
  • tether-goldTether Gold (XAUT) $ 3,698.57
  • xdce-crowd-saleXDC Network (XDC) $ 0.076512
  • immutable-xImmutable (IMX) $ 0.694223
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 268.91
  • optimismOptimism (OP) $ 0.749575
  • celestiaCelestia (TIA) $ 1.70
  • injective-protocolInjective (INJ) $ 13.52
  • nexoNEXO (NEXO) $ 1.29
  • paypal-usdPayPal USD (PYUSD) $ 0.999913
  • wbnbWrapped BNB (WBNB) $ 931.63
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,861.06
  • spx6900SPX6900 (SPX) $ 1.28
  • blockstackStacks (STX) $ 0.651805
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 116,208.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998095
  • sonic-3Sonic (S) $ 0.301541
  • aerodrome-financeAerodrome Finance (AERO) $ 1.26
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.12
  • msolMarinade Staked SOL (MSOL) $ 313.21
  • pax-goldPAX Gold (PAXG) $ 3,697.52
  • saros-financeSaros (SAROS) $ 0.402164
  • lido-daoLido DAO (LDO) $ 1.18
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.735712
  • super-oethSuper OETH (SUPEROETH) $ 4,528.37
  • the-graphThe Graph (GRT) $ 0.093200
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 115,691.00
  • pyth-networkPyth Network (PYTH) $ 0.163129
  • flokiFLOKI (FLOKI) $ 0.000095
  • conflux-tokenConflux (CFX) $ 0.177240
  • kaiaKaia (KAIA) $ 0.155452
  • clbtcclBTC (CLBTC) $ 116,287.00
  • dogwifcoindogwifhat (WIF) $ 0.889615
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,388.21
  • raydiumRaydium (RAY) $ 3.26
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.47
  • zcashZcash (ZEC) $ 51.29
  • tezosTezos (XTZ) $ 0.788664
  • pendlePendle (PENDLE) $ 4.93
  • fartcoinFartcoin (FARTCOIN) $ 0.822880
  • fourFour (FORM) $ 2.16
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,526.26
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.24
  • theta-tokenTheta Network (THETA) $ 0.810650
  • galaGALA (GALA) $ 0.016790
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.24
  • aethirAethir (ATH) $ 0.062930
  • iotaIOTA (IOTA) $ 0.188256
  • vaultaVaulta (A) $ 0.471497
  • ripple-usdRipple USD (RLUSD) $ 0.999999
  • the-sandboxThe Sandbox (SAND) $ 0.297046
  • ousgOUSG (OUSG) $ 112.58
  • jito-governance-tokenJito (JTO) $ 1.84
  • stader-ethxStader ETHx (ETHX) $ 4,842.32
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.269087
  • jasmycoinJasmyCoin (JASMY) $ 0.014159
  • tbtctBTC (TBTC) $ 115,609.00
  • ether-fiEther.fi (ETHFI) $ 1.46
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997334
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,527.83
  • morphoMorpho (MORPHO) $ 1.96
  • newton-projectAB (AB) $ 0.008371
  • decentralandDecentraland (MANA) $ 0.336236
  • flowFlow (FLOW) $ 0.400656
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,984.48
  • bittorrentBitTorrent (BTT) $ 0.00000064
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,860.16
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,517.41
  • beldexBeldex (BDX) $ 0.082497
  • walrus-2Walrus (WAL) $ 0.414770
  • swethSwell Ethereum (SWETH) $ 4,901.10
  • usual-usdUsual USD (USD0) $ 0.997729
  • global-dollarGlobal Dollar (USDG) $ 0.999793
  • loaded-lionsLoaded Lions (LION) $ 0.017660
  • vision-3Vision (VSN) $ 0.165139
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 115,929.00
  • starknetStarknet (STRK) $ 0.129838
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 36.41
  • build-onBUILDon (B) $ 0.522450
  • bitcoin-svBitcoin SV (BSV) $ 25.94
  • usddUSDD (USDD) $ 1.00
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.55
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,532.26
  • based-brettBrett (BRETT) $ 0.050891
  • frax-etherFrax Ether (FRXETH) $ 4,509.52
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 261.08
  • heliumHelium (HNT) $ 2.65
  • true-usdTrueUSD (TUSD) $ 0.997053
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • dydx-chaindYdX (DYDX) $ 0.615332
  • syrupMaple Finance (SYRUP) $ 0.429725
  • apecoinApeCoin (APE) $ 0.579863
  • neoNEO (NEO) $ 6.56
  • arweaveArweave (AR) $ 6.98
  • telcoinTelcoin (TEL) $ 0.004888
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999704
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999750
  • coredaoorgCore (CORE) $ 0.441160
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10
  • thorchainTHORChain (RUNE) $ 1.27
  • instadappFluid (FLUID) $ 5.77
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007391

Double-dipping with sBTC on Stacks

0 54

Double-dipping with sBTC on Stacks

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Bitcoin maxis, it’s time to take notice — sBTC on Stacks is here, and it’s designed to let your bitcoin work overtime, according to Andre Serrano, head of product at Stacks.

“The nice thing about this is that you are eligible for this yield both by holding it as well as deploying it in DeFi,” Serrano told Blockworks.

Here’s the alpha:

  1. Mint and hold sBTC — by bridging bitcoin into sBTC (a 1:1 bitcoin-backed asset secured via Stacks), users become eligible for rewards (bitcoinismore.org) paid out in bitcoin, not points or inflationary tokens. Rewards are distributed every two weeks — BTC in, BTC out — simple and clean
  2. Deploy in DeFi — The rewards don’t need to stop there. Stacks-native DeFi protocols like Zest offer additional incentives on top of the base 5%. For example, by supplying sBTC in Zest, a bitcoin liquidity protocol, users can stack another 6-7% APY in extra incentives.


The kicker? Unlike other BTC-pegged solutions, sBTC stays liquid — you don’t need to stake or lock it up to earn rewards. However, there’s one caveat: Withdrawals back to the Bitcoin network will only be enabled in March 2025. So, for the most trust-minimized way to bridge back, you’ll need to wait.

But sBTC is expected to soon be bridgeable to chains like Solana and Aptos via Axelar, anticipated for January. So, there could be a circuitous route back to Bitcoin via these protocols, subject to liquidity constraints.

On Stacks, sBTC currently relies on a threshold signature 15-key multisig setup, where 15 signers from the community manage deposits and withdrawals. This operates under an honest majority assumption, meaning at least 8 of the 15 signers must act honestly for the system to remain secure.

To bolster trust, Stacks has onboarded reputable, professional signers like Blockdaemon and Kiln, firms known for securing billions in assets across multiple chains. These signers also post collateral and earn bitcoin rewards for maintaining the protocol, aligning incentives to ensure security.

Looking ahead, the plan is to gradually decentralize the system by integrating sBTC into the Stacks consensus mechanism, where all Stacks signers will eventually participate. This will further enhance security, bringing trust assumptions closer to those of Stacks itself.

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