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Stacks

Stacks

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Category: Chain

Stacks Asia Foundation

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. It aims to activate the Bitcoin economy by allowing developers to build apps that leverage Bitcoin's security and capital. The platform's 'Satoshi Upgrades' are designed to enhance Bitcoin DeFi with more flexibility, composability, and security, including features like self-custodial on-ramps and sustainable Bitcoin yields. For developers, Stacks provides tools and a security-first programming language called Clarity, which has visibility into Bitcoin's state, allowing for transactions with the same finality as Bitcoin. The ecosystem supports a variety of applications, including lending protocols like Zest Protocol, digital artifact standards like STX20, and DeFi apps such as Velar and Bitflow. The platform introduces sBTC, a 1:1 Bitcoin-backed asset, to unlock BTC's capital in a decentralized manner, moving it between the Bitcoin L1 and the Stacks L2. Stacks provides a suite of developer tools and a supportive community to facilitate building on Bitcoin for a large, untapped audience.
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Funding Rounds

Funding Round: Strategic
Funding Date: 11 Sep, 2024
Raised Amount: $15M