stBTC Launch: A New Bitcoin Yield Standard

Botanix Labs, a Bitcoin Layer Two with EVM capabilities, recently launched stBTC, a one-to-one backed bitcoin asset that redistributes transaction fees on the network to holders as yield. Users can stake bitcoin and earn additional bitcoin without inflationary token emissions, points programs or mandatory lockups.

Botanix, founded in 2023 at Harvard by Willem Schroé, operates as a Bitcoin Layer Two protocol or sidechain similar to the Liquid Network and Rootstock — but with some novel differences, including the use of more modern scripting tools in Bitcoin, the sharing of network fee revenue with stakeholders and a federation of 16 node…

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