Stacks has launched sBTC on its mainnet, marking a notable advancement in Bitcoin DeFi by offering a 5% annual percentage yield (APY) on deposits. The project has also reached the semifinals in the Crypto Project of the Year celebration. The initial deposit phase allows a maximum of 1,000 BTC, with the deposit window opening at midnight Beijing time on December 17. Notably, Ankr has partnered with Stacks as a Signer, enhancing the security and decentralization of the sBTC token. This collaboration is expected to facilitate institutional adoption and improve programmability within the Bitcoin ecosystem. The withdrawal feature for sBTC is anticipated to be available by March 2025, as the project aims to create a more robust Bitcoin DeFi landscape.