Bitcoin DeFi keeps getting easier and more rewarding. Trustless swaps made a splash last week, loans that repay themselves are close to launching, and Okcoin is celebrating their new Earn app by making it possible to earn over 30% APY on Stacks holdings, paid in bitcoin. Meanwhile, MiamiCoins (built on Stacks) have been putting the underlying Proof-of-Transfer mechanism to work to generate over $2M for the city of Miami.
It's exciting to see the Stacks Ecosystem continue to play the leading role in enabling DeFi opportunities for Bitcoiners, including NFTs that generate Stacking rewards, training for developers in HK that want to write smart contracts for Bitcoin, and pushing forward a host of updates to developer tooling and the Stacks chain.
Have you experienced Bitcoin DeFi yet? Catch a whole section covering Bitcoin DeFi-related updates just below the 'Featured Stories'.
Plus, don't miss:
💰 Okcoin is tripling Stacking rewards → Learn more
🌟 Clarity Universe starts September 1 → Hop on the waitlist
🌱 Stacks Chapters moving the mission forward globally → Read more
The Stacks Chapters Program, supported by grants from the Stacks Foundation, works with community leaders around the world to grow and educate the global Stacks community. This piece shines a light on the incredible progress and impact that Chapter Leads in Pakistan, the MENA region, Turkey, China, and Korea have made over the last 5 months.
Released earlier this year in time for the launch of Stacks 2.0, the wallet extension has matured enough that it is now recommended for regular production usage, including interacting with web apps and managing STX and other Stacks-based assets.
MiamiCoin has just officially surpassed $2,000,000 in protocol contributions reserved for the City of Miami.
MiamiCoin is an open-source public utility that developers are building on to benefit Miami citizens and unlock civic engagement for the community. https://t.co/hWhxke7FMq
— CityCoins (@mineCityCoins)
Aug 19, 2021
Daemon Technologies has released an updated design of the STX Mining Monitor. This newest release provides an overview of recent mining activity in the STX mining market and gives all users a snapshot of on-chain activity on both the Stacks and Bitcoin blockchains.
Daemon Technologies partnered with faculty at Hong Kong University of Science and Technology (HKUST) to bring students a 6-week pilot course on Clarity.
Developers in the Stacks ecosystem recently demonstrated that Bitcoin DeFi is possible today. Longtime Stacks community members Friedger Müffke, Asteria, and Jude Nelson in collaboration with other Stacks community developers, deployed working Bitcoin swaps with NFTs and other crypto-assets.
All smart contracts are with our security auditor now. Launch imminent.
No one can stop DeFi on @Stacks. Self-repaying loans are coming. Brace yourselves.
— Arkadiko Protocol (@ArkadikoFinance)
Aug 17, 2021
The mainnet launch of Arkadiko is imminent with the team recently announcing a full security audit of their smart contracts. Users of Arkadiko will soon be able to take out loans in USDA (the first stablecoin on Stacks) against STX tokens, which will generate a yield that automatically repays the initial loan over time.
'Acorns for Stacks, Stacking'
Round up your spare change with RoundlyX to build a Stacks position. With Okcoin and RoundlyX, you can easily dollar cost average into Stacks and then earn BTC rewards on your holdings!
Have you tried #DeFi on #Bitcoin? That's @Stacks!
You can round up your everyday purchases into $STX with https://t.co/TKxE73hzam and @Okcoin!
Dollar-cost averaging with interest doesn't get better than that.
— RoundlyX (@RoundlyX)
Aug 17, 2021
Minting of 2nd edition Boomboxes closed with over $120k Stacked. Boomboxes are a unique type of NFT that act as an automatic claim certificate for Stacking rewards. Those who Stack via Boomboxes earn STX on top of the value of their limited edition NFT.
Earn BTC While Shopping With GoSats
🥁 Hola! 🥁
Our biggest update yet is now live, the GoSats bitcoin chrome extension!
Now you can stack free #bitcoin for shopping by installing the Chrome extension.
Download the extension here:
Watch the demo 👇
— GoSats 🌋 - The Bitcoin Rewards App (@gosatsapp)
Jul 28, 2021
Tutorials and Microblocks and Documentation, oh my! 🦁🐯🐻
Take a look at what we'll be jamming on the next few months. Can't wait for you all to see wallet design updates, microblock UX, loads of new docs, and fresh content on the blog & Youtube.
— Hiro Systems (@hirosystems)
Aug 17, 2021
This release primarily contains changes that add microblock data support to the API. Additionally, it contains Rosetta Stacking operation fixes and features, stacks-nodeevent record & replay capability, and a handful of miscellaneous new endpoints.
Hiro has published a blog outlining its priorities for Q3. This quarter, they'll be focusing on expanding Clarinet for easier smart contract development, the Stacks blockchain API, and the Hiro Wallet, among other things.
Syvita has created an open source Clarity library for executing various bitcoin-related operations in smart contracts on Stacks. The library currently enables cross-chain transaction verification for both Catamaran swaps and Sypool and is available for all developers to integrate now.
Register for the Stacks Accelerator's Virtual Demo Days to check out projects from the program's inaugural cohort. The first day will showcase DeFi and fintech startups while the second day will cover NFT and Web 3.0 startups.
Stacks Accelerator team, Eggschain, enables patients to track genetic material using blockchain technology. In this feature piece, CoinTelegraph reporter, Elias Ahonen sat down with Eggschain Founder & CEO, Wei Escala to learn more about their patented supply chain solution built on Stacks.
The Stacks Pakistan team recently hosted XPLORE, one of the largest blockchain conferences in the region. The event featured talks by numerous tech industry leads and the final round of Stacks Pakistan's nationwide blockchain hackathon.