Stacks sBTC bridge
Overview
Stacks sBTC is a Bitcoin-backed token on the Stacks blockchain, designed to enable Bitcoin-based decentralized finance. It is a bridge asset that maintains a 1:1 peg to Bitcoin through a system of peg-in and peg-out transactions. Users can mint sBTC by locking Bitcoin (BTC) and redeem BTC by burning sBTC.
Within the DeFi Intel graph, Stacks sBTC connects to 2 tracked entities, most strongly to Bitcoin, Bitcoin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
bridges | Bitcoin | 95% |
deployed_on | Bitcoin | 85% |
Frequently asked questions
What is Stacks sBTC?
Stacks sBTC is a Bitcoin-backed token on the Stacks blockchain, designed to enable Bitcoin-based decentralized finance.
How does sBTC maintain its peg to Bitcoin?
sBTC maintains a 1:1 peg to Bitcoin through a system of peg-in and peg-out transactions.
How can users mint or redeem sBTC?
Users can mint sBTC by locking Bitcoin (BTC) and redeem BTC by burning sBTC.