• bitcoinBitcoin (BTC) $ 110,901.00
  • ethereumEthereum (ETH) $ 4,289.99
  • xrpXRP (XRP) $ 2.83
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 849.26
  • solanaSolana (SOL) $ 207.98
  • usd-coinUSDC (USDC) $ 0.999779
  • staked-etherLido Staked Ether (STETH) $ 4,279.67
  • dogecoinDogecoin (DOGE) $ 0.212821
  • tronTRON (TRX) $ 0.336932
  • cardanoCardano (ADA) $ 0.828634
  • wrapped-stethWrapped stETH (WSTETH) $ 5,190.03
  • chainlinkChainlink (LINK) $ 23.24
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,615.82
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,986.00
  • ethena-usdeEthena USDe (USDE) $ 0.998789
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.01
  • hyperliquidHyperliquid (HYPE) $ 44.61
  • suiSui (SUI) $ 3.32
  • bitcoin-cashBitcoin Cash (BCH) $ 582.22
  • wrapped-eethWrapped eETH (WEETH) $ 4,594.59
  • stellarStellar (XLM) $ 0.363139
  • avalanche-2Avalanche (AVAX) $ 24.35
  • wethWETH (WETH) $ 4,287.71
  • hedera-hashgraphHedera (HBAR) $ 0.219052
  • crypto-com-chainCronos (CRO) $ 0.272005
  • leo-tokenLEO Token (LEO) $ 9.55
  • litecoinLitecoin (LTC) $ 110.91
  • usdsUSDS (USDS) $ 1.00
  • the-open-networkToncoin (TON) $ 3.16
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999584
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,955.00
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.225270
  • whitebitWhiteBIT Coin (WBT) $ 42.56
  • bitget-tokenBitget Token (BGB) $ 5.16
  • polkadotPolkadot (DOT) $ 3.80
  • uniswapUniswap (UNI) $ 9.50
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • moneroMonero (XMR) $ 267.21
  • aaveAave (AAVE) $ 313.28
  • daiDai (DAI) $ 0.999961
  • ethenaEthena (ENA) $ 0.677311
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.11
  • okbOKB (OKB) $ 165.33
  • ethereum-classicEthereum Classic (ETC) $ 20.71
  • jito-staked-solJito Staked SOL (JITOSOL) $ 254.62
  • bittensorBittensor (TAO) $ 319.12
  • nearNEAR Protocol (NEAR) $ 2.43
  • ondo-financeOndo (ONDO) $ 0.950702
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.284741
  • aptosAptos (APT) $ 4.30
  • usdt0USDT0 (USDT0) $ 0.999580
  • pi-networkPi Network (PI) $ 0.343755
  • usd1-wlfiUSD1 (USD1) $ 0.999284
  • arbitrumArbitrum (ARB) $ 0.497254
  • internet-computerInternet Computer (ICP) $ 4.84
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,289.17
  • story-2Story (IP) $ 7.86
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 222.86
  • kaspaKaspa (KAS) $ 0.083323
  • cosmosCosmos Hub (ATOM) $ 4.41
  • vechainVeChain (VET) $ 0.023756
  • algorandAlgorand (ALGO) $ 0.230902
  • gatechain-tokenGate (GT) $ 16.84
  • susdssUSDS (SUSDS) $ 1.07
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.46
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,882.09
  • fasttokenFasttoken (FTN) $ 4.51
  • kucoin-sharesKuCoin (KCS) $ 14.98
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030139
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,506.87
  • render-tokenRender (RENDER) $ 3.43
  • worldcoin-wldWorldcoin (WLD) $ 0.883715
  • sei-networkSei (SEI) $ 0.284435
  • bfusdBFUSD (BFUSD) $ 0.999369
  • skySky (SKY) $ 0.072428
  • official-trumpOfficial Trump (TRUMP) $ 8.38
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.67
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,507.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.614114
  • bonkBonk (BONK) $ 0.000020
  • filecoinFilecoin (FIL) $ 2.26
  • jupiter-exchange-solanaJupiter (JUP) $ 0.497458
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,630.01
  • usdtbUSDtb (USDTB) $ 0.999841
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 111,045.00
  • flare-networksFlare (FLR) $ 0.020445
  • xdce-crowd-saleXDC Network (XDC) $ 0.079546
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999894
  • pump-funPump.fun (PUMP) $ 0.003844
  • memecoreMemeCore (M) $ 0.811624
  • falcon-financeFalcon USD (USDF) $ 0.999676
  • tether-goldTether Gold (XAUT) $ 3,534.86
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,531.33
  • hash-2Provenance Blockchain (HASH) $ 0.026421
  • injective-protocolInjective (INJ) $ 12.95
  • fourFour (FORM) $ 3.30
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,603.86
  • nexoNEXO (NEXO) $ 1.25
  • optimismOptimism (OP) $ 0.703788
  • celestiaCelestia (TIA) $ 1.59
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 235.84
  • paypal-usdPayPal USD (PYUSD) $ 0.999875
  • wbnbWrapped BNB (WBNB) $ 849.60
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997086
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,176.00
  • blockstackStacks (STX) $ 0.629176
  • lido-daoLido DAO (LDO) $ 1.19
  • curve-dao-tokenCurve DAO (CRV) $ 0.756949
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999810
  • spx6900SPX6900 (SPX) $ 1.10
  • pax-goldPAX Gold (PAXG) $ 3,555.42
  • sonic-3Sonic (S) $ 0.308015
  • aerodrome-financeAerodrome Finance (AERO) $ 1.11
  • immutable-xImmutable (IMX) $ 0.513215
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • super-oethSuper OETH (SUPEROETH) $ 4,290.19
  • msolMarinade Staked SOL (MSOL) $ 274.51
  • saros-financeSaros (SAROS) $ 0.360916
  • the-graphThe Graph (GRT) $ 0.088784
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,787.00
  • pyth-networkPyth Network (PYTH) $ 0.159954
  • raydiumRaydium (RAY) $ 3.43
  • conflux-tokenConflux (CFX) $ 0.175291
  • flokiFLOKI (FLOKI) $ 0.000091
  • clbtcclBTC (CLBTC) $ 111,211.00
  • kaiaKaia (KAIA) $ 0.146507
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,270.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,288.15
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,149.70
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • dogwifcoindogwifhat (WIF) $ 0.808308
  • fartcoinFartcoin (FARTCOIN) $ 0.788805
  • theta-tokenTheta Network (THETA) $ 0.783898
  • vaultaVaulta (A) $ 0.484946
  • tezosTezos (XTZ) $ 0.724920
  • pendlePendle (PENDLE) $ 4.50
  • iotaIOTA (IOTA) $ 0.186435
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.33
  • galaGALA (GALA) $ 0.016049
  • ousgOUSG (OUSG) $ 112.42
  • ripple-usdRipple USD (RLUSD) $ 0.999432
  • jito-governance-tokenJito (JTO) $ 1.89
  • jasmycoinJasmyCoin (JASMY) $ 0.014388
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.05
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997348
  • zcashZcash (ZEC) $ 41.63
  • the-sandboxThe Sandbox (SAND) $ 0.275796
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • build-onBUILDon (B) $ 0.671567
  • newton-projectAB (AB) $ 0.008832
  • stader-ethxStader ETHx (ETHX) $ 4,575.45
  • tbtctBTC (TBTC) $ 110,724.00
  • flowFlow (FLOW) $ 0.403044
  • loaded-lionsLoaded Lions (LION) $ 0.021014
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,287.97
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,607.27
  • morphoMorpho (MORPHO) $ 1.92
  • walrus-2Walrus (WAL) $ 0.437095
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,716.70
  • decentralandDecentraland (MANA) $ 0.300926
  • usual-usdUsual USD (USD0) $ 0.998095
  • swethSwell Ethereum (SWETH) $ 4,688.62
  • global-dollarGlobal Dollar (USDG) $ 0.999636
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,945.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.212778
  • beldexBeldex (BDX) $ 0.074080
  • vision-3Vision (VSN) $ 0.160168
  • ether-fiEther.fi (ETHFI) $ 1.10
  • bitcoin-svBitcoin SV (BSV) $ 25.72
  • syrupMaple Finance (SYRUP) $ 0.453773
  • starknetStarknet (STRK) $ 0.122974
  • true-usdTrueUSD (TUSD) $ 0.998127
  • frax-etherFrax Ether (FRXETH) $ 4,257.30
  • heliumHelium (HNT) $ 2.58
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 109,572.00
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,286.67
  • dydx-chaindYdX (DYDX) $ 0.593518
  • neoNEO (NEO) $ 6.48
  • apecoinApeCoin (APE) $ 0.568657
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998463
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 229.46
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007583
  • apenftAPENFT (NFT) $ 0.00000046
  • based-brettBrett (BRETT) $ 0.045363
  • usddUSDD (USDD) $ 0.999262
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999867
  • coredaoorgCore (CORE) $ 0.427674
  • savings-daiSavings Dai (SDAI) $ 1.16
  • instadappFluid (FLUID) $ 6.30
  • dexeDeXe (DEXE) $ 7.43
  • sun-tokenSun Token (SUN) $ 0.022127
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999708
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 29.79
  • telcoinTelcoin (TEL) $ 0.004544
  • thorchainTHORChain (RUNE) $ 1.19

Double-dipping with sBTC on Stacks

0 45

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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