Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Stacks Townhall
Recorded: July 16, 2025 Duration: 1:26:52Space Recording
Short Summary
The Stacks Town Hall showcased significant developments in the ecosystem, including new partnerships, the successful voting on SIP 31, and the launch of innovative projects aimed at enhancing yield opportunities and community engagement. With a focus on growth and collaboration, the Stacks community is poised for an exciting second half of the year.
Full Transcription
Thank you. Hello, hello, everybody. Welcome to another edition of the Stacks Town Hall. We are happy
to have you and we have a outstanding lineup of speakers from across the ecosystem to talk about all different sorts of things. Everything from
builders to share about what is happening in terms of the latest updates or achievements,
upcoming releases in regards to each and every one of their projects, along with some of the
leaders of various core entities that are excited to share some big announcements, along with talking about
the SIP 31 that we just had voting open for, along with many others from various companies
throughout the ecosystem, again, to continue to share a lot of the updates that have been happening
over the last quarter, specifically quarter two. But we did have a lot of updates come in the last
week as well, which I know we're going to be talking about furthermore.
If this is your first time joining us, welcome.
I'm your host, Kyle Ellicott, part of the Stacks Asia Foundation, and this is our regular
series of spaces that we host on a quarterly basis to talk all about what's happening across
stacks. And we also do these a little bit more frequently to talk about everything that's
happening across building on Bitcoin. So welcome, sit back, get ready to enjoy a lot of updates.
And if we have time, we'll try to get to some Q&A. I'll let you know when that's available. You can
throw your hand up and we'll try to bring you up on stage as well.
Not sure we're going to have time for today,
but please do stay around
and be ready for that as well.
Also wanted to make a quick announcement
for everyone here.
We've seen spaces recently on X
get a little glitchy.
And with that, if something does happen
and we happen to lose this space,
we will send out another link.
So be sure to be following Stacks on X for more and for any not only updates, but also in case anything happens to today's spaces.
With that said, first and foremost, I want to give a big warm welcome to our very first speaker and my introduction co-host Mitchell from the Stacks Foundation. Welcome Mitchell. Hey, I get to go first today. Awesome. Good to see you Kyle.
You too, man. You too. Yeah. I'm going to throw you up on stage. I know you've got a lot to talk
about in terms of recent partnership updates. I'll let you give the headlines there, but would love to have you kind of kick off and just your highlights of Q2 and kind of what has gotten
you excited over the last three months and throw you right into talking to us about the latest
partnerships. Sure thing. I think I'll, you know know hard to think about the last quarter without thinking about sip 31 so maybe i'll start there um today we're we're getting ready to push out the final voting
results with um audits and all that so you know there's always a little bit of lag at the end of
the vote you can see you can kind of see what's going on on chain but we always like to be extra
extra sure so our friends at signal 21, our stacks residents
and our, and our team at stx.eco big shout out to Mike. Um, they're just wrapping up all,
everything looks good. So we'll be pushing those out. We saw a record turnout for voting on SIP 31,
which is awesome to see one of the bigger decisions in the ecosystem's history, and people really showed up.
97.5% of all votes were in favor of the SIP.
And so now we get to move forward on a lot of that work.
So the blog post that we'll release today
not only covers the results from the vote in detail,
you'll also be able to see a full dashboard
from Signal 21 on the votes which
is really cool um it also kind of covers what's ahead all the next steps things with the appointments
committee um what you know how the entities will be formed some some of those things and
sort of a mini roadmap for the next steps for the operational entity and for the stacks endowment
so i think it'll give the community a really good
kind of quick insight into what's ahead and all that. So look out for that today.
Bunch of good stuff on there and kind of guidance and pointers for people that want to be involved
as we kind of adjust to the new reality. You know, the growth capital that's available and
the different things that this will enable are really exciting and now we kind of get to get heads down on that work so that's the big one
from the last quarter um obviously there's been a ton of technical progress and optimizations at
the tech level as well um but i'll leave that for others i know alex is going to cover that um
we've got a ton of good folks um on the call to kind of go into detail on that.
But I guess,
I guess I'll stop there in terms of the last quarter,
because we're going to get to see,
you know,
tons of information from folks on that.
I'll go into the partnership side of things before I hand it off back to you,
Kyle.
You guys have seen some big announcements this quarter and behind the
scenes that that's even that's heating up even more. So just recently announced both Wormhole
and Sui, you know, various different types of partnerships for stacks, getting more cross-chain,
you know, I think bringing liquidity into stacks, making it easier for DeFi users to come into stacks through various
ways. So Wormhole, obviously, household name in crypto at this point in terms of bridging.
Sui, another great project too, we've worked with in different ways over the past year.
And then yesterday, in case you missed it, we also introduced Nansen as a partner,
which is a phenomenal data platform they have a lot
of interesting tools for sort of how money and data is moving in the stacks ecosystem so they'll
be working on their integration we'll share more when that's live but the sum total of it is there
are a lot of big players moving to support stacks, moving to support the Bitcoin economy.
And based on conversations that are ongoing now, I think you can just expect to continue to see
announcements about partnerships on a regular basis. So I think we have great momentum there.
We got to give big shout outs to the BD Working Group, Rina, Andre, tons of others, Shaylee,
who was actually supposed to do this announcement for
me who'd probably have even more cool stuff to share with you um but she's on a vd call so um
big shout out to her um getting it done for us out there um and then you know the the other thing i
can sort of share as somewhat alpha i suppose um we do expect a couple new listings for SBTC in the next 60 days or so.
But yeah, look out for more there and I will kick it back to you, Kyle.
Thank you, Mitchell. I have so many questions to dive into each of those parts, but I know we can't
get too in-depth on those. I would say of all of of them if you had a favorite or one you're most
excited about uh mitchell that is very impactful to the ecosystem is there one in particular of
those partnerships you would call out that is um very foundational yeah yeah asking you to pick
your favorite i am all the partners are all my favorites no um know, in my head, I think, you know, Wormhole sticks out.
It's recency bias, of course.
You know, Wormhole is an incredible network of other chains that, you know, that will allow us to connect in various ways and tooling builders as part of that as well.
So that one certainly sticks out, you know, and
there's also a large network of players that typically work with Wormhole that, you know,
I think are a natural next step for stack. So, so open stores in sort of numerous ways. So I'm
obviously really excited about all of them, but, but yeah, I think, I think builders should be
particularly excited about Wormhole and, and then some of the others that I can't say yet.
So you'll have to wait.
I love it.
I was just trying to sneak something out of you if I could, but you did a great job, Mitchell.
Thank you very much.
Up next, Alex from Hero.
It's a pleasure to have you here on stage.
Mitchell mentioned SIP31.
Voting is coming to completion.
It looks like, as again, he mentioned,
we want to verify everything on chain
in terms of data with Signal 21.
Shout out to Jonathan and his team.
97.5% in favor.
Give us a summary.
Talk to us about further updates around the SIP.
Yeah, so huge amount of voting on this.
I think for reference, like normal SIP votes,
you have to have at least 80 million to pass a SIP vote.
And I think on average, we've seen normally that it's like 100 million.
So like 3x the amount of voting going on.
And yeah, 97% by voting weight.
Also well over, I think it was like 93% plus of total wallets were voting on it.
And so like, I think no matter how you kind of cut and look at the different parts of the community,
different types of users and things, everyone was really supportive of this.
And well, more than like 90% support for the SIP, no matter how you look at it.
So like really, really exciting to see just how much enthusiasm and support there is
for the SIP going through.
So yes, all that's done,
but just need to obviously all verify it.
That'll all get published as Mitchell said.
I think also we will be getting out
some updates pretty shortly
on what the rest of the rollout plan
for actually making all of this
happen looks like. So now that the SIP has passed, core developers are already working on the
implementation code. I think as we talked about last week, they actually had already started work
on it and figuring out, you know, the best way to like implement the smart contracts that protect
the treasury and how the minting contracts work and all of that um so they are continuing that work with the expected uh hard fork at the end of the month
um to start creating that and at that at the same time just all kinds of work with like lawyers and
accountants and folks to set up um you know the legal entities uh in the caymans and every uh in
order to actually have that ready to go.
I know that the appointments committee
was obviously chosen by the community
and verified in the SIP.
So they're going to start their work soon.
So like I said, we'll have a whole guide
coming out as a blog post shortly.
I think one thing is, you know,
it will take several months
to really start seeing everything
for all this to happen.
So I think there'll be a good timeline that breaks that down, but work, work has already
excited, started, and it's, it's really exciting to see everything going on there.
I love it, Alex.
And as you said, we're going to have a blog post come out that will show those next steps.
And I think you did a good job summarizing kind of where we are as well. And want to transition real quick, if we can,
over to the development side of things.
We just had a release of a new Stacks Node release.
So 3.1.0.0.9.
I've practiced that many times in the mirror this morning.
So I wanted to make sure I got it
out. Tell us a little bit about this big update and what the performance improvements are that
come with it. Yeah, so we have seen the Core Dev team do a ton of amazing improvements to Stacks
Core over the last six months. If you were on my Hero Office Hours earlier this week, and Settle Plug, Office Hours with me every Monday at 10.30 a.m. Eastern.
You can find the show links on Deorganized Media or just on my Twitter page.
Give me a follow if you haven't.
But I had Adriano from Bitcoin L2 Labs on, and we were talking about all of this work that has been going on.
coin l2 labs on and we were talking about all of this work that has been going on um you know when
we shipped nakamoto uh towards in q4 of last year right it was great it brought block times way down
from it um started delivering uh you know way better performance but we're still like at like
15 seconds a block and there were kind of stalls that were happening some core team has been doing
an amazing job over the last six months with just lots of little updates and things and we're now at the point where we're at
sub four second block times uh on average with more than 99.9 percent of blocks arriving on that
spacing so it's just wild how much uh improvement we've seen on everything recently.
The chain, I think, you know, anyone who's doing stuff like even when you're running complex DeFi contracts and things, you know, and I'm using like Bitflow and Alex for things.
It's, you know, you put in the contract call, it costs you 0.0003 stacks.
And by the time you open the link to explore to check your transaction, it's already confirmed in a block.
So just amazing work on all of that stuff by the team.
Again, obviously, this is why we also, a big part of why we did the SIP is just driving that forward even more,
continuing that great work while also being able to, of course, market and talk to people about how great this experience is
and help new apps build in the ecosystem.
So Core is looking great.
If you do run a node or a service for anything
and you have not upgraded to the latest version, please make sure you do.
It is very good for stability of the network,
especially if you're mining or signing.
Please always make sure you're staying up to date on the latest version,
as that will always have the newest, greatest, and most stable versions of the code.
Alex, I appreciate it. Thank you.
Any last bits on the core side or SIP side?
And also, of course, if you want to shout out Office Hours one more time,
I'll give you that stage as well.
They're pretty great. Now, like I said, just huge thanks to everyone in the community for all of the participation and engagement that we saw around the SIP. It would
not have gotten to such a good place without everyone showing up to spaces, contributing,
commenting on the forum, commenting on the GitHub. It really was such a big,
wide community effort. And that's what makes Stats great. So thank you all for being a part of it.
100% agree. And thank you, Alex, as well. Next up, Maneeb. You've already heard a little bit,
Mitchell introduced a few big name partners, Wormhole, Mason, Sui, and many others teased out some upcoming listing opportunities for SBTC.
Alex just covered a lot when it comes to the SIP, one of the biggest updates and upgrades
in Stacks history since Mainnet and maybe even further back than that. I'd love to just hear
your summary of thoughts around all of this momentum in the last quarter, but also what you're
excited about here in Stacks and the greater Bitcoin dominance that we're starting to see
across the industry.
Awesome.
Thanks.
Thanks, Kyle.
I think the way that I'm sort of like looking at it is if you just roll back the clock by like I don't know
six seven months or something Nakamoto wasn't live fully right we were in the middle of doing
doing that upgrade I think let's be honest there were questions around like the engineering work
like is it is it going to deliver on time?
Is it actually going to have the impact
that it should have?
SPTC wasn't live,
no sort of like traction numbers on SPTC.
There were questions around,
you know, future growth of stacks.
How are we going to sustain it?
How are we going to become aggressive and so on?
And just look at, you know,
Nakamoto not only going live,
but I would say the bigger one is sort of like this revival
of engineering culture, which as a focus on shipping,
focus on continuous improvements,
the stuff that Alex was talking about,
where there are consistent block times,
they're like 99 point whatever 9% uh reliability uh blocks are arriving fast and
and performance improvements on the bandwidth is on sbdc actually went live three cap raises
we are capped at 5 000 bdc showing clear traction that there's demand for the stuff that we are
we're building this is all like roughly the last six months right and i think another big thing here is, yes, we're getting excited about the partnerships that are already going live, like Warmhole and Nansen and these other things.
The SIP and the growth capital hasn't even kicked in yet.
The operational efficiency that's going to come with the new restructuring hasn't even kicked in yet.
So that's the thing that I'm most excited about.
I think getting this SIP approved at this critical time was actually really, really important,
because once the base technology is sort of there, right, and you're shifting gears into
growth mode, you are going to need that capital. You are going to need that capital you are going to need that operational efficiency to be able to move fast and sort of like take the market and i think i feel that we are we're in a
really really good shape because we have done that work um i would instead of like you know um i'll
give an analogy of like the ethereum foundation like they've done many things right in the past, but they were under a lot of criticism over the past years.
And there was almost like a call from the community to adapt to the new reality.
And I think they're reacting a little bit. what we're doing here is almost like predicting what's going to become important and proactively
restructuring and proactively refocusing on the things that are going to be there. And that often
can be a difference between night and day, right? You could either miss a market opportunity,
or you could be there at the right time with the right resources and right attitude and try to
capture it. And I think that's sort of where my head is at.
And frankly, I think when a bunch of large STX holders
were talking to me about the SIP
and how they were viewing this as growth capital,
and a bunch of those discussions
were about the competitive landscape.
If you remember, in the last 16 months or two years,
there were a lot of other Bitcoin L2s that got funded.
They saw some hype around it.
They tried launching and doing certain things.
And frankly, the input that I'm getting from a lot of the investors out there is a bunch of that has actually frizzled out.
Stacks is standing out as something that is standing the test of time.
It has market staying power.
It has a loyal organic community, both the broader community and the developer community.
And I think that actually matters a lot because the funding of all these other L2s actually
validated the market, that there's a large multi-hundred billion market here.
the market, that there's a large, you know, multi-hundred billion market here.
And then when it comes to actual execution, like projects can fumble in various different
ways, right?
So the fact that Stacks still stands out and is standing the test of time, it's actually
a testament to not fumbling like a thousand different things, right?
That you could have, that you could have messed up your token have. You could have messed up your token economics.
You could have messed up some incentive structures.
You could have, you know,
bought in some early traction by throwing incentives
and then everything dried up or so on, right?
So because of those, a lot of those small decisions
of doing the hard things and doing things the right way,
like this is where we are.
Even look at the SIP, look at all the hard work that went into it and how things the right way. Like this is where we are. Even look at the set,
look at all the hard work that went into it and how all the community and all
the builders were brought along.
97.5% approval is an insane number.
And I think we should all celebrate it.
This could have been a moment where, you know,
there's a Saks classic fork and different stacks and,
and things are falling apart because you couldn't
find a common sort of like direction to rally behind and come together, right? But we did the
hard work. We always sort of like as a community come together and make the right decisions. And
I think that's the exciting part that we are here. We have the capital. We have the roadmap.
We are here.
We have the capital.
We have the roadmap.
And, you know, the Bitcoin dominance is at all time high.
And this is our time to shine.
100% agree.
And as we're in this town hall, I mean, if we look ahead to the next six months, give us those lasting good words to transition on from here. Looking at the next six months, as the SIP comes to approval,
these headlines come, what is your words of inspiration building into the future of Bitcoin
dominance in the second half of the year and into next year? All right. So I think I'm actually
writing something that I'm probably going to post on Twitter in a day or so, but I'll share a little
alpha here in the town hall. So I think I call this theory, so the title of my post which is
coming is going to be the second best digital asset. And the entire sort of like like argument in that post is that Saylor is right and sort of like saying that there is no second best asset.
Right. In a way. But obviously, practically speaking, there is going to be some second best asset.
And my sort of like thesis here is that that second best asset is actually going to be something that is a derivative of Bitcoin, instead of a completely disconnected asset.
Why? Because Bitcoin is like a black hole.
It's now going on the balance sheets of all these public companies, and it's acting like a black hole.
None of these public companies are actually selling any Bitcoin.
In fact, they're all racing towards
how much Bitcoin they can accumulate.
And nothing like this has ever happened
in the history of mankind.
That there's an asset that's viewed so valuable
that there's almost like a greed in the public markets
for people to go raise capital,
use whatever instruments that they can use
to accumulate as much of it as fast as possible.
None of this has ever happened.
We see an announcement every other day now.
Just yesterday was Blockstream's thing
that they're starting a 4 billion vehicle
to accumulate more Bitcoin.
And I think this is going to keep happening.
Once that is happening and Bitcoin becomes like this clear, clearly separate out asset that has sort of like no competition, I think the way Ethereum and other assets are likely
want to come at it is by saying that, oh, we are programmable.
We have a yield.
Like ETH has a native yield. So it has a native yield so one has a native
yield bitcoin doesn't i think this is where stats comes in like sax comes in to say we can enable
bitcoin yield we can enable sbdc which is programmable so it's almost like the other half
of bitcoin right and and over there the difference is that Stacks is actually a Bitcoin derivative product in a way.
Because when Bitcoin security goes up, Stacks security goes up.
When BTC price goes up, the TVL on Stacks goes up.
The capital on Stacks actually becomes more valuable.
So Stacks is actually very different, right? Like in terms of,
especially with our new self-custodial Bitcoin
and applications around payments and other things,
like the gas fee on Stacks will likely be in BTC.
And if usage of Bitcoin is going up,
Stacks is directly benefiting, right?
So it becomes a Bitcoin derivative product in a way.
And we have seen with MSTR that there is a lot of investor and traders appetite for a leveraged
Bitcoin product on the financial markets, right? So my thesis in that post is actually going to be the second best asset is actually something like MicroStrategy or Stacks, because these are leveraged Bitcoin products.
And obviously, I'm biased. Stacks not only directly helps Bitcoin because it provides that programmability and that BTC yield that Bitcoin doesn't have, but it also is sort of like a technology bet.
And when people are betting on MicroStrategy, that's a financial product.
So you can actually have these financial products as well with SDX involved, and that's like a separate topic.
products as well with STX involved. And that's like a separate topic. But fundamentally,
the second best asset is either STX or MSTR. And that's going to be the post that is coming out
soon. But I think this is a dynamic that might actually play out in the market in the coming
months and years. Incredible. Thank you, Maniv. Andre, you need to follow up that act and those closing words.
Thank you, Manib.
Looking forward to the post.
Andre from Bitcoin L2 Labs,
talk to us a little bit more in depth
to some of the points Manib and Alex both mentioned
of what's up and coming now with the Satoshi upgrades.
So things like dual staking
and really the future of SBTC.
Furthermore, as again, Manib kind of teased that out.
So thank you. Well, good morning, everyone.
It's good to be here as always. And yeah, Kyle, no pressure, right?
It's hard to follow that.
But yeah, really very well said by Meneev.
I couldn't agree more on so many of those points.
For me, it's hard to believe that SBDC has been live now for seven months.
We've seen the protocol across 5,000 Bitcoin TVL.
We're at around 600 million in market cap right now across both retail and institutional users.
We're seeing that Bitcoin get deployed into DeFi protocols like Zest
and Bitflow and the broader DeFi ecosystem on Stacks is continuing to grow. And over
the past 90 days, the SBDC has earned an average of 3.26%. So really, when I look to the second
half of this year, we really want to double down on the strategy and enable new products and DeFi primitives for Bitcoin holders.
I think Stacks is unique.
And thanks to the unique proof of transfer consensus mechanism, Stacks can really be
the best place to earn Bitcoin yields.
So we're exploring new products that can really enable this.
So the first is dual stacking.
I'm really excited about this one. It will allow us to bring in more Bitcoin capital to the network, deploy it in a non-custodial way where users can stake Bitcoin or stacks.
But if they choose to stake both, they can earn a boosted yield rate on their BTC, providing more utility to STX holders.
So I'm excited about that.
And I think we'll also see more DeFi primitives
launching around this with Bitcoin LSTs
or liquid stake tokens that will allow us
to take that staked Bitcoin that's earning a yield
and deploy it into productive strategies on stacks,
whether it's additional yield protocols,
borrowed in protocols or otherwise.
And so another one of the products that we're working on
is SBTC yield vault.
So that will allow us to automate yield strategies
through Bitcoin backed stable coins like Hermetica
and tap into new use cases like
borrowing against your BTC and really streamlining the user experience. So while this is happening,
we're working on integrations with wallets and custodians, getting SVTC and dual stacking
integrated into exchanges and basically trying to make it so that SVTC is available everywhere.
And so, you know, really it comes down to like this strategy of increasing, of providing
sustainable yield on stacks, increasing liquidity will allow us to expand and grow into many new
use cases from payments and lending and trading and other applications
that power the Bitcoin economy. So yeah, I guess to sum it up, I'm super excited about what we have
cooking as we go into the end of year. It feels like things are just aligned with the broader
market momentum. The Stacks engineering teams are just firing. And yeah, things just look like they're really well aligned as we go into the rest of this year.
Andre, that was a pretty darn good follow-up, I got to say.
You did a good job of continuing that momentum from Anib.
I appreciate it.
Looking forward to the Satoshi upgrades and what is to come supporting the future of the DeFi ecosystem,
not just here in Stacks, but across the entire Bitcoin side of the industry.
Next up, Kenny,
would love to hear an overview on Code for Stacks
and what is happening with that initiative,
growing not just Clarity,
but the future of Stacks applications.
Yeah, so a couple of big initiatives we've been working on at the foundation
really designed around bringing in new developers
and then kind of nurturing those developers
so they can start building stuff on Stacks.
But one of those is Code for Stacks,
and it's a program we've been running for several months now.
Anybody can participate, and the way that it works at a high level
is you get rewarded in stacks just for writing
code every month.
And what we're really trying to do here is reward consistent development.
In my own career, in coaching and mentoring a lot of different developers, I would say
that the number one thing outside of technical skill is just being consistent in what you're
working on, whether you're wanting to get a job or if you're a startup founder or whatever,
just show up every day, be consistent.
And so this program is really designed
to help developers to actually do that
and help them be compensated a little bit
for it in the process.
So every month, just for participating,
just for writing some code and pushing it up to GitHub,
you'll be entered into a lottery to win 2,500 stacks.
And then we also recently introduced a Streaks program to where you get more stacks the longer
you do it.
Just another way to try and reward that consistency.
But we actually are growing every single month.
And we had a record number of submissions last month.
We were just under 4,000 submissions, which is crazy.
What that amounts to is just under 4,000 PRs that were contributed
to Stacks in some way. So some of those use Clarity, some of them use Stacks.js, some of
them use both, but really seeing a ton of activity in the Stacks developer ecosystem.
And then kind of on the tail end of that, we have another program that we recently spun up called
Stacks Ascent, and where Code for Stacks is really designed to appeal to and be accessible to everyone,
Stacks Ascent is really the next stage of that for developers that kind of want to take their
career to the next level. And Stacks Ascent is really designed, I kind of like to think of it
as like a developer incubator. So what we're really trying to do with that program is bring
in promising developers and sort of mentor them and nurture them to be able to become competent developers.
Right now, we've got right around 70 people in that program.
And what that really looks like is we kind of guide you through this guided path to where you can work on your project.
But also at the same time, we're coaching you on things like your communication
skills, your writing skills. And really the goal here is, especially in the age of vibe coding,
it's really important that developers actually understand what their code is doing and are able
to articulate it well. And being able to strategically think about the code you're
writing becomes extra important. And so this program is really designed to kind of help
developers become more successful no matter what they want to do. So we've got some people
that want to become technical founders. We've got some people that want to become protocol engineers.
And this is really designed to let's get you working on a project that you care about,
but we're really going to do that in the context of how are you actually molding yourself into
a valuable developer that can contribute value to a project.
So we do things like writing practice.
We do communication messaging.
We're going to be introducing a basic UX and UI design critique soon.
So really, this program is more of like a one-on-one, high-touch mentorship program
kind of designed to bring up developers.
So those are the two big programs we've got going on right now.
Both of them are consistently growing.
And I'll throw some links down in the space thread too.
Awesome.
Thank you so much, Kenny, for all that you
do in this exciting program as well.
Everyone, again, as Kenny noted, check out the links
that he'll add into the thread.
And also, his DMs are available if you
want to reach out to join in.
Next up, Eric, let's talk a little bit about what happened here in June.
Talk to us about the latest releases from the core development side.
Yeah, awesome.
So I've got three minutes to share three things on the dev tooling side.
minutes to share three things on the dev tooling side. Number one, in Clarinet right now, when you
start DevNet, DevNet will now boot up a lot faster at a fraction of the time it took before.
And what we did was that we used a pre-built snapshot that now includes all of the chain
state, including the stacks and Bitcoin network up to epoch 3.0
so now when you start devnet it loads the snapshot and instantly or almost near instant depending on
your hardware and operating software you can start processing your contract deployments and
transactions a lot sooner and quicker allowing you as developer to start iterating on your contracts quicker.
On Clarinet as well, we fixed the native LSP support
for Clarity, and this has led us to build
some new Clarity support for different editors
besides Visual Studio Code.
So besides VSC, you can now use and have Clarity support
in Zed and Helix. Number two, the platform, the hero platform. So a few months ago,
we rolled out new API tiers to help you manage different limits and different accounts for your API usage. We've made that a lot easier in terms
of account management with the latest Stripe integration in the platform, allowing you to,
in a more seamless manner, upgrade, downgrade, and just control and manage your account in a lot more seamless manner using the Stripe portal
within the platform. Number three is the Stacks Explorer. If you've been living under a rock for
the past two months, then we've updated and refreshed the Stacks Explorer to give it a new,
a brand new look. And recently too, we've supported BNS version two. And this way you can start
searching BNS names within the search bar at the top, regardless if it's using the .btc
BNS or .stx and some other BNS names as well. For a recap of this,
do check out our hero blog section on our website
where you can basically get a more detailed explanation
of what I just covered
and also find out what is to be released later this month
and even next month going forward in the blog as well.
So thank you.
Thank you very much, Eric.
Appreciate the updates.
Definitely everyone check out the Hero blog for more.
Next up, peace, love, music.
Welcome to the stage.
Talk to us a little bit about how things are moving in the community for the indie builders.
GM, everybody.
And yeah, I love that.
Thank you for giving me an opportunity to talk about this because I love the indie development on Stax.
We have a great community here.
Some great, great products.
I wanted to point to Zero Authority Dell.
They have about 11 bounties going on right now.
You can supporting all sorts of projects in the ecosystem.
For those that don't know,
it's on-chain reputation and gig marketplace.
They recently launched a new interface,
super slick, really great stuff.
If you haven't been there in a while,
you need to go check them out.
If you're looking to hire someone for something in Stacks
or you need some stuff done by the community,
post a bounty, post a gig,
get out there and support.
They're putting out some great stuff.
It really is one of the best projects in crypto,
not just in Stacks, in my opinion.
Huge shout out to CryptoDude and CryptoSmith with BoostX.
And they're just constantly iterating on that,
giving us really great ways to engage with stacks on social media,
like X, now on Discord as well,
where it promotes use of BNS names
and it allows people to send stacks tokens
and stacks NFTs directly to people on X,
as long as they have a BNS name in their username on X
or their profile name and then, or display name.
And Skullcoin's been killing it
with innovating with their find to earn.
There's some really cool stuff coming with, with their innovating again on their encrypted NFTs with a seed hunt phrase game that's going to be launching soon.
Be on the lookout for that.
I'm really excited about the developments with Rising Tide Protocol and the creator tools and creator economy stuff that they're working on over there.
Rafa's Facts Fund is a really innovated
meme token launch platform with pre-launch seeding
that kind of guarantees that there's a number of people
interested in the project and invested.
And there's vesting in their investment
before it gets out of the bonding curve so it
makes it a little bit more holistic as far
as a bonding curve
situation goes and
really cool stuff on that
I want to shout out I could not
talk about indie devs on
stacks without talking about
Rosar and Charisma and all
the amazing stuff he's doing
his vibe coding series by the way
is a really great introduction to how to get started on coding and getting involved in
developing on stacks if you're not participating or playing around with charisma you should
definitely go check that out uh the bro has actually created like games like meme roulette on chain chess super slick uh he actually even i
don't know if he's told many people about that i played with it a few months ago he even created
a fiat on ramp through his subnet where i was able to buy a little bit of uh stacks with a
credit card transaction but he had a he had to pull it down because i don't think it was quite
kosher but tons and tons of awesome development there uh bns by the way bns1 had like uh last week had uh bns is sold for like
20 000 stacks and 3 000 stacks and 2 000 stacks so people are starting to pay attention to the
ecosystem even more um when you're getting whales making buys like that on DNS names, that's a huge, huge sign.
So things are definitely starting to take off on that front.
And real quick, I also just wanted to mention,
we have, you know, along with Zero Authority Bounties,
we have the Stacks DeFi Season 2 with the Zili campaign
that's launched last week.
A huge, huge participation in that,
over 50,000 stacks up for grabs and rewards.
You can participate in that at stxdefi.com.
And we are also featuring for the month of July,
the STX or use STX campaign,
where every couple of days we're featuring posts
by some of these devs uh
engage getting people to engage with them and there's you know every couple of days is like
300 to 600 stacks up for grabs and participating in those so there's and there's been tons of
energy around that as well lots of engagement lots of follows new follows and stuff so uh tons of
stuff going on i only have a minute. I probably already
ran over it. And you guys know, once I get going, it's really hard for me to be quiet. So I'm going
to just I'll try to end it there. Anyone that I missed, you know, I'll definitely cover you again.
We actually have too many indie devs putting out some amazing stuff to cover in a short,
short spot. But we really do have some great stuff happening on Stacks.
Yeah, I appreciate it.
Peace, love music, and shout out to all the other indie developers
and builders out there, as you noted, that may or may not have been mentioned.
Next up, Jack and Rubis, talk to us a little bit about what's going on
across the Stacks community.
Hey, GM, GM, glad to be here.
Look, this community is off the charts,
bullish right now. If you look at the amount of new people getting BNS names, the new people engaging in things like find to earn, I'm seeing new followers every day. Spaces have very, very
high participation rate. We just had, what, 97% approval on the SIP.
Like, community engagement's high.
Every metric that you can reliably use to track it is up.
STX tools, you know, traffic there's up.
It's really cool to see.
And I just wanted to remind everyone, because we're in it.
We don't notice it.
We have a great community.
Like, our community is amazing.
This is well known outside of the SACS community, by the way, in the larger Bitcoin Layer 2 and MetaProtocol ecosystem.
Like, that's the secret.
Like, hey, SACS has the actual community of all these things.
So, yeah, the community is engaged.
You're starting to see a lot of great AI content come out of some of these communities.
I'd expect to see much more of that.
You're really starting to see Discord traffic picking up.
So, yeah, the community is off the charts, guys.
We're in a great place right now.
Love it.
Rubis, anything to add?
Yeah, of course.
Thanks for having me on, guys.
Really looking forward to kind of getting into this today
and hearing about all the exciting stuff that's happening on Stacks.
For anyone that doesn't know, I'm Rubis.
I'm the co-founder of stacks tools and also Leo
coin on stacks and you know I've kind of learned a little bit about you know the token communities
and some of the grassroots stuff that's going on in stacks we do have some amazing communities here
and I think it really often gets overlooked as well particularly I think people don't quite
realize how good it is here and people are resilient you know they're creative they've
been through the ups and downs they've been loyal and they've actually stuck around and built on stacks
as well which is you know great to see um on stx tools we've noticed particularly over the last two
months um particularly this month actually um we've noticed uh unique users are up a lot um probably
40 50 percent and uh of an increase earlier in the year um we've also noticed
higher liquidity across coins um some campaigns from bitflow um you know are particularly good
and we've seen increased liquidity and volume there uh shout out to joe from lunacrush we also
have a lunacrush integration on the site uh we've noticed increased sentiment increased engagement
i mean for anyone that's on x and kind of active on x
and the stacks eco it's absolutely crazy notifications engagement we have multiple
you know i mean five six seven different community spaces a day you know they're almost like too many
you can't tune into them or you've got to be like an octopus to kind of get into all of these things
um you know and people have stuck around and and you know continue to kind of grind
on there so i think yeah i think from a community kind of token and nft standpoint things are very
very positive and i think everyone's very very excited i speak for you know everyone there that
everyone's excited for a post sip 31 world for stacks and to uh get some increased visibility
and yeah more of everything but yeah definitely a very bullish sentiment overall.
Awesome. Thank you both very much.
Next up, Rena, talk to us a little bit about the liquidity side of the world,
stable coins, SBTC, DeFi and more.
Hey everyone. So excited to be here.
It's been a lot of things happening behind the seats on the liquidity front.
So for folks following Zest and Granite and Bitflow and Hermetica and Valar,
you have seen kind of stable,
kind of small deployments going on a weekly basis from our institutional
partners.
So I believe there is up to like 15,
maybe 20 million up of as available liquidity to take out loans against your
SBTC or STX or assets in the ecosystem.
So we're really looking forward
to seeing more institutional and retail borrowers coming in
because the liquidity is there
and now it's about the utilization of ecosystem products.
On the other side of the stablecoin front,
we are literally about to go into a meeting right after this
with our stablecoin partner to finalize the integration work.
And so very excited soon for it to be publicly announced about our tier one stablecoin
partner that will be coming into the ecosystem for the first time. I'm very bullish on Bitcoin.
On the same note with when it comes to stablecoins and liquidity, bridging is an
immediate factor in there. We are getting ready on our final legs of the XLR integration.
We are in our code freeze and ready for deployment to be coming next month.
So huge things to allow inflows of stable coins from other ecosystems into stacks where it belongs.
And so very excited to kind of see kind of the final legs of Bitcoin DeFi come through.
Thank you very much, Rina.
Working into the builder update side,
we've got a ton of builders on here
to talk about what's the latest and greatest
with each of their projects and what's to come.
First up, Tycho,
talk to us a little bit about stacking DAO and Zest.
Yeah, it's great to be here
and ready to drop some bombs on your your command
but um but yeah i mean do you think just like high level right uh i mean stacks has and and
and will have right the most like unique defi ecosystem right because there's btc yield on
btc right so you can deploy btc and earn b BTC. There's BTC yield on the native token on STX.
And there's BTC yield on USD.
There will be more on that soon.
And that's just like a really, really unique setup, right?
Like no other ecosystem has that.
And like DeFi protocols like Zest protocol and StackingNow,
they basically exist to amplify this, right?
To amplify these BTC yields on these three key assets.
So in terms of updates, right?
So on the Zest protocol side, we're at an all time high in TVL.
Of course, Zest protocol is like the home of SBTC on Stacks.
About 10% of all the SBTC in circulation is deployed there,
and probably around 80% of SBTC that's deployed
across the ecosystem is on Zest.
And leverage is moving up, right?
Just crossed $5 million in debt,
which is like a very big milestone.
And yeah, that's set to grow a lot more as Rina just shared.
On the stacking DAO side, also all-time high in STX terms, right?
I'm currently about 85 million STX staking through the protocol,
being delegated to institutional validators and earning a great yield.
And yeah, then what to expect with SIP 31, right,
is that, well, there'll be additional DEX liquidity,
there'll be additional SDX, USD stables and BTC,
lending capital on Zest protocol.
And that means that, you know, we'll get even more, right? These yields will get even higher
because BTC yield on BTC will be amplified, right?
Because if there's more, you know, BTC to be borrowed
and there's dual staking, you can, you know, loop it up, right?
So say maybe you get 3% on dual staked BTC,
then by looping it up, you can maybe go to, you know, 6, 7.
And the same goes for SDX, right? BTC
yield on STX will be amplified. Like today you have stakes tax BTC, you earn around 9%. But if
there's more lending capital on STX, then you can look that up, right? So like 16, 17, 18%, right?
Yield in BTC on your STX. That's very attractive. And then the same with USD stables, right?
stx that's that's very attractive and then the same with with usd stables right there's there's
a there's a btc yield there and um through through borrowing and lending you know and uh and liquid
staking derivatives as well we can we can look that up even even further so so yeah this is a
very exciting time i mean we're in the bitcoin cycle and um and yeah just having these kind of
you know this very unique mix of btc yield on bt, on the native token, and on USD is, I think, what will really get us to be a top ecosystem.
Absolutely.
Including all these additional updates that we've been listening to already this town hall. A lot is all coming together, including SIP 31, a lot of the announcements,
the partnerships, and the integrations that have been teased out from core development to the
developer platform or developer programs, all the way through to some of the latest and greatest
as well. And a shout out, Tyco, to you and to all the builders who are about to follow as well.
Next up on the Xverse side of things,
we'd love to get an update from Rekverse, if we could, please.
Hey, guys.
Thanks for having me on.
Yes, so super exciting updates from everyone here.
And obviously, as a wallet that's striving to unlock the Bitcoin economy,
we're extremely excited about those.
And we view Stacks as the critical pillar in the most Bitcoin-aligned L2. So now boasting a super vibrant DeFi scene secured by Bitcoin Finality.
And in H2, we really want to be doubling down on driving our users and liquidity into the ecosystem
so we're closing in on almost 2 million downloads and it's really high time that audience dove deeper
into stacks so not just to explore and trade as they have so far and you know we had great
integrations on the trading front with
Bitflow, Valar here that we're very happy about but we really think we should be
pushing it further to help these people deploy capital, earn yield and transact
which is very aligned with you know what Munib, Andre and everyone here have
been presenting so there's one thing that we're really looking at as a big deal is SBTC.
Among all the Bitcoin yield narratives, like, you know, Babylon staking,
bridge BTC, vaults, we really think that's the one that's the most aligned
with the Bitcoin values and the UX that we we're that we want for bitcoin fight so like self-custodial bitcoin
secured trust minimized with a super you know optimistic path to be trustless so it's not you
know just a wrapped asset and we really want to be making that more accessible um so next up for us, as soon as, you know, like the cap is lifted, we would like to
really provide native peg in and out and use Xverse as a critical gateway for everyone to
move PTC into stacks and back with no friction. So that's going to be kind of the starting point.
no friction. So that's going to be kind of the starting point. And next up is seamlessly
integrating Stacks DeFi. So we've been in touch with Jacob, with Zest, with others here
to create such experiences. So the idea that you can lend SPTC natively inside experts
to boost like the SPTC lending penetration, the awareness.
Maybe in further steps, even do it in one click,
like abstracting stacks for, you know,
the audience that is less Bitcoin DeFi aware.
It's something we could do,
like handle the peg behind the scenes, use sponsored fees.
So we'll be looking at that uh to make it one click uh there's
like helping users plug into defy yield with stable coins so we had great discussions with
uh jacob and hermetica about that we think we could create a a pretty smooth ux to help users
get there and uh you know like for for the ones who don't want to sell their assets, there's borrowing, like accessing liquidity straight from your wallet with platforms like Zest borrowing.
That's totally something we could make smooth and help people discover.
With that, obviously, there's the notion of tracking these DeFi positions from the wallet dashboards, from our portfolio companion app, which is something we haven't really looked into so far, but we think it's high time we did.
So, yeah, that's kind of the, I would say, the first part of our H2 roadmap that we're really excited about.
And looking further, I think there are some elements that we need to discover together
uh with the stacks community as the stacks H2 roadmap also unfolds uh so there's obviously
Bitcoin native payments on stacked uh I guess BTC or stablecoin payments as a you know a much better
um way to pay than lightning uh so really promising experience. There's the BTC on BTC guild
with dual stacking that we're excited about and that we'd love to support both with Xverse pool
and the wallet. And finally, there's some stuff that we've seen in the Stacks roadmap and that
we really think could be a key unlock for broader retail,
everything that has to do with smart accounts, sponsored fees, potentially deeper PNS integrations.
So yeah, we'll be looking at that too. And yeah, our goal is to make kind of Stacks the go-to
Bitcoin L2 for DeFi and make Xverse the wallet to get there.
Thank you very much, Ruckverse.
Shout out to Ken, you and the entire Xverse team as well.
Next up, Mihill.
Talk to us a little about Valor.
Thanks, Kyle.
Thanks for having me.
Very excited to be here.
Like always, it's been a while we have done this.
It's always, it makes me so happy to see
the full house you know we don't do it we should do it more often though what a year it has been
in last one year at velar we started with launching the decks alongside the launch pad
and we worked in mid last year we also launched our token and we also worked with over 150 meme coins to launch over 150 meme coins across tax ecosystem.
Still one of the most secure DEXs in the ecosystem.
More on that, we are seeing interest come back from meme coin players that we are in touch with.
So hope to see more action on that across
across tax ecosystem um then end of the year last year we launched our pub decks alongside the
nakamoto and sbtc launched um and um and it was it was a it was a great step of course of course it
was the first pub decks across bitcoin ecosystem and stacks so we launched with V1. And, and we launched with SBTC USDH pool,
which was very unique for everybody, because, you know, like people are getting native,
you know, USDH yield on top of it, they were able to long and short Bitcoin in the most
trust minimized manner using SBTC. What we are focused on right now, by end of the year,
we are bringing Purbdex V2. So this will have more advanced features like taking stop losses,
taking profit, and a few other features that I can't talk about right now, but very excited for
that. So what has happened is that I think as tax ecosystem, we are ready with all the infrastructure.
It makes me so happy that it's all coming together, especially with the SIP31, which hopefully is going to pass very soon.
So with SIP31, I think it finishes as the last piece of the puzzle and finishes the flywheel effect, which will also bring in liquidity.
Because we have seen with our PURP decks over the last few months when Bitcoin was more volatile,
a lot of people were either, you know, like 95% or more of the trades were either on long side or on the short side.
either on the long side or on the short side.
And we have seen so much interest from hedge funds,
from a lot of Twitter-based traders
that are using our PURP DEX for funding rate arbitrage.
And the only thing stopping them is the liquidity,
which is solved by SIP31.
So very, very bullish on us,
on entire stacks and Bitcoin ecosystem.
Once SIP31 goes live,
I think it's going to be a game changer.
So very looking
forward to PubDex V2. We have been working on securing our systems. And last three to six
months gave us a lot of time to build stronger, more secure, and more trustable systems for
ourselves as well and our users as well. So we are ready to scale.
It's perfect timing with SIP31.
All our products are running stable.
We are ready to scale as the biggest ecosystem in crypto.
And as Muneeb said,
makes Techs the second best crypto asset in the world.
Wonderful way to tie that up.
Jacob, talk to us a little bit about Hermetica.
Thanks, Mahil.
Yeah, what's up, guys? Nice to be here and see everybody. And I just wanted to say at the beginning that I'm fully in agreement with Munib that we are perfectly positioned to become the Bitcoin DeFi rails because we are significantly different. We have been here for many, many years, and we have built and have showed staying power way before it was the consensus,
which now obviously everybody's jumping on the bandwagon.
So that foundation is strong,
and now putting fuel to the fire with CIP31
and all the tech integrations is going to be great.
So I'm really excited for that.
On the Hermetica side we're
always building and have been really heads down for the last couple months building a number of
new products that um andre teased a little bit we're very focused on the bitcoin yield side be
it on um potentially the stable coin as well as a pure Bitcoin yield product that we want
to bring to market for the stacks folks so there's a lot of things happening
behind the scenes a lot of partnerships with basically everybody in the
ecosystem and I'm really excited about those we're also now powering the
liquidations for Granite so if there's somebody that for whatever reason has a
long go bad on Granite which hopefully is not one of you guys, then that will run through our systems.
And that allows us to support the ecosystem with the integrations that we have.
You can think of Hermetica essentially as the bridge between DeFi and CeFi.
Our systems bring the liquidity from centralized exchanges into DeFi and allow us to process liquidations,
but also bring a lot of the yield that you see in CeFi into the ecosystem.
So that is what we're working on.
There's not going to be too many other things that you hear from us probably for the next two months because we're heads down.
And then there's going to be a lot of fireworks coming later in the year.
Cheers, guys.
Cheers. Thank you, Jacob.
Next up, we got Diego Bitflow.
Good morning, everyone. Happy to be here. It's exciting to have everybody in the same
virtual room. I know I've got a couple minutes, but so I'll be fast. It's exciting to be here.
Congrats on the SIP 31. This is a community win. Stacks is building the execution layer for Bitcoin,
and we're proud to be building on Stacks,
the leading Bitcoin L2.
As you guys know, Bitflow exists to expand this Bitcoin-denominated market.
We started with swaps, aggregator, and in Q2,
we doubled down on that mission.
We upgraded core infrastructure, we launched it,
new innovative pools, and also we saw a huge community growth.
So momentum is building.
And it's shaping up for Q3 to be a huge breakout moment.
I think one of the highlights of Q2 is definitely the FlexPool launch, which is the variable midpoint pools.
It was a major upgrade that went live.
We're calling it a FlexPool.
It started with STStacks and Stacks.
It basically allows for smarter yields, deeper liquidity, flexible deposits. You can come in on any side,
both sides, any amount. And it's designed to support the evolving value of LSTs, such as
ST stacks, or even SUSDH for more capital efficient. And that was a huge upgrade for us uh also shout out to our communities
zealy saw a 70 increase discord almost 60 increase in discord followers um and the meme coins
campaign also uh saw a super boost in the last month with over a quarter million dollar in tvl
uh shout out to welsh leo me bob and all of the
other meme communities out there uh we reach a few milestones as well uh over 30k and unique users
uh to date and also 270 million in community commutative trading volume uh since we launched
according to defilema uh we're proud to be the BFF to many of the leading protocols
on stacks, including the ones in this call,
from in-wallet swaps on X-verse and leather
to liquidation engines on Zest,
stacking down granite, AI agents,
and also aggregating liquidity across Velor,
Arcadeco, Stacks and beyond,
powering the USDH buys on Hermetica and keeping everything floating and stable across many of the DeFi protocols.
And we're super excited for next quarter.
There's new AMM mechanism coming out, bringing more precision trading, unlocking near-zero slippage swaps, smart wallets and keeper automation.
We talked a lot about that in Q2.
And now we're going to be seeing in more use cases of automation.
We've done that with DCA, dollar costing average.
I think we're still the only protocol where you can DCA into Bitcoin as a DeFi protocol,
which is pretty awesome.
You can DCA into runes, you can DCA into stacks and many of the SIP10 tokens as well.
So we want to double down on this DeFi automation,
make it easier for users to manage their liquidity,
manage their earnings, manage their Bitcoin assets.
With the SIP31 incentive coming,
I think there's going to be a huge, huge boost.
And we're excited,
you know, doubling down on becoming this execution layer for Bitcoin markets,
growing the user base, driving real traction, bringing low slippage and very low fees to users
and allowing other DeFi protocols to build on top of this liquidity infrastructure. So I'm happy,
happy to be here and excited for Q3. Thank you, Diego. Pleasure to
have you as well. Next up, Blaze for Granite. Hey, Kyle. I appreciate it. I'm so excited to
be here. Just listening to these announcements, it is so clear that the Stacks teams are cooking
this combined with CIP 31. It's going to be just really exciting to see where we go over the next couple of months.
So on the granite side, we have been focused, as always, on improving the safety of our users and minimizing risk on the platform. Some pretty major upgrades over the last couple of weeks have been
rolled out. We recently announced that we launched our community liquidations functionality,
which democratizes the liquidation capabilities so that anybody can perform liquidations now and
help backstop the protocol in the event of a price downturn instead of just having, you know,
we'll say institutional players who are running bots run liquidations, which is what happens in most of DeFi.
On top of that, Jacob mentioned that we recently launched our liquidation partnership with Hermetica, where we're using them as our back-end primary liquidation provider. And this was just a really huge upgrade because it dramatically increased the liquidation capacity of the protocol, which means better rates for borrowers and a safer
experience for the LPs. We combine that with flash loans that the team has been jamming on
recently rolled out to really start to put the bow on liquidation capacity, which is going to make
this just a much better experience for LPs on the platform. And then another feature that we launched literally this week,
we haven't even announced it yet,
is withdrawal caps in the protocol.
And so this is a way to make the protocol safer for all users.
What it essentially does is it limits outflows in a 24-hour period.
And this means that in the unlikely event that there
is some kind of exploit, somebody would not be able to access all the funds in the protocol.
It would be limited to a small subset. And so we have that recently launched and monitoring
capabilities in place for the team to see what those withdrawals look like. Also, what we've
been really focused on over the last
couple of months is getting USDC liquidity into the platform. The team's done an excellent job
on that. I'm happy to announce that we now have over $10 million borrowable free liquidity.
And that is combined with maybe a little alpha drop here that we are putting the finishing touches on our
points program, which we expect to launch very soon. And so once that is launched with this
borrowable liquidity on the platform, I'm excited to see where things end up going. And then after
that, over the next couple of months, we are also cooking on a Bitcoin leverage product and a Bitcoin yield product,
all built on top of the Granite protocol as a base. So yeah, super excited to see where everything
goes and the impact of SIP 31 restructuring and incentives on attracting users into stacks and
how Granite can be there to support them. Awesome. Thank you very much, Blaze. Brandon from Leather. Hey, everybody. Really awesome call
so far. So exciting to just hear all the progress that's been made and just to hear where we're
going. It's really, really exciting time to be in this ecosystem right now. Representing Leather
today, you know, if we're reflecting on the past few months, I think Q2 is
perhaps the most important quarter in leather's history. We launched leather mobile, also launched
a brand new website that I want to talk about at leather.io. Also just want to give so much
gratitude and thanks to all the leather devs and builders working behind the scenes
to deliver all these things. A ton of huge releases that they've made in the past couple
of months. So big shout out to them. Looking at leather.io, it's really, there's a few tabs that
are available in there. It's really designed to be kind of that one stop for accessing the Stacks ecosystem.
I think through all the releases that we've made and all the releases that you will continue to see from leather, we're really doubling down on the Stacks ecosystem and trying to highlight all the amazing things that you can do on it, especially all the venues and apps and different places that you can earn on on stacks. So starting with,
you know, a really beautiful new stacking interface where you can connect with different pools, pretty much all the pools that are out there, you know, we have fast pool plan better
restake stacking down experts, everybody. Also liquid stacking with stacking down and Lisa.
One of the really cool things about
the mobile launch is if you are stacking, you'll actually see what your active position is. So
really nice to be able to track that stacking. There's an SBTC tab as well allows you to acquire
SBTC, enroll in the rewards program, start deploying it in DeFi. We have a really exciting app directory
that highlights some of our favorite apps from larger teams, you know, like Bitflow and Hermetica,
but also kind of some of those scrappier teams out there like Charisma, shout out to Rosar.
Expect a lot more categories as well in the future. You know, we have obviously much more
than DeFi. We have reputation and identity and gaming and so much more in this ecosystem. You know, we have obviously much more than DeFi, we have reputation and identity
and gaming and so much more in this ecosystem. So yeah, just look forward to kind of more highlights
there in the future. And of course, I'll just say it again, leather mobile is out now, we couldn't
be more excited to have it released to the public. It's out on iOS and Android. And yeah, we're just
going to continue doubling
down on stacks, giving you more opportunities to earn Bitcoin. That is a huge focus for leathers,
growing your Bitcoin. So look forward to more opportunities and venues to do that as we
continue to grow out leather and focus on onboarding and much more. So very, very exciting to be in this ecosystem again.
And yeah, thanks everybody.
Yeah, absolutely.
Happy to have you back.
Joe from Lunar Crush.
What's up everyone, colleagues for having me back.
First off, honored to have been selected
for the appointments committee.
I look forward to doing my duty there,
making the best selections for the treasury to move the ecosystem forward in a really, really big way.
So honored for that.
Start with some fun stuff.
We have relaunched the Nakamoto One NFT project on some new contracts.
That's all been airdropped.
And the latest Droid airdrop went out on Monday as well.
There is now over $325,000 US dollars on the treasure chest on the moon. So
two Bitcoin, 59,000 stacks, 0.1 SPTC and over $6,000 in Droid as a portion of all the trades
goes towards that treasure chest. So a lot of fun stuff happening there. We are creating a Nakamoto
one gear shop. We're designing out some Epic gear ourselves and also working with members
of the community to create some different lines for you all. So we'll have some cool t-shirts and
other stuff. The cool part here is you'll be able to purchase that gear with Droid. And in order to
make that happen, we did need to create a custom tool where you can actually pay for things with Stax tokens. And so we're actually going to
be open sourcing this as an extension. So it's going to allow people to pay for anything on
your website with Stax tokens. So pretty cool stuff happening there. If you haven't heard,
Bitcoin treasuries and entities holding Bitcoin is kind of a big deal right now. There's a website a lot of people use to track this.
It's called BitcoinTreasuries.net.
So we actually submitted and recently got SBDC approved. So it's now being tracked on this website where tons of people are looking for different Bitcoin treasury companies.
It's under the DeFi and other entities category.
It's currently showing as the seventh largest DeFi protocol holding Bitcoin.
And then some cool stuff here.
You'll also find Lunar Crush on that Bitcoin treasuries
under private companies.
And I'm also happy to announce that at Lunar Crush,
we began accumulating a Stacks treasury.
We currently hold over 650,000 Stacks
and it will continue to stack.
So really cool stuff.
Appreciate it. Everyone, you rock. Great update. Thanks, stack. So really cool stuff. Appreciate it.
Everyone, you rock.
Great update.
Thanks, Kyle.
Great update, Joe.
Next up, Jason with AIBTC.
Awesome.
So Will Buddy from AIBTC here.
Also honored to be on the CIP 31 appointments committee.
Really looking forward to that process and what comes next. For us specifically, you can find us on X at AIBTCDev or at AIBTC.com. So for those who
don't know us, AIBTC exists to enable autonomous Bitcoin native coordination through AI agents.
Quite a mouthful, but its core idea is really simple and powerful. Bitcoin capital powers AI agents.
So with one transaction, a user can convert Bitcoin into DAO tokens that live inside an AI-controlled contract.
And those tokens allow agents to propose, vote, and act autonomously.
So over time, we've built this infrastructure to kind of make a permissionless composable economy where machine intelligence does
the coordination does the capital allocation and governs the memetic networks so really leaning
into what ai can do with a wallet and this blockchain stuff and i do want to say that
stacks and clarity makes this super easy um you know post nakamoto transactions are confirmed
before we even check them shout out to the core team on that one. And of course, where we're going with SIP31 is going to be even more powerful.
So we truly believe that Stacks will be that Bitcoin layer for AI.
If I had to lay out our long-term vision, you know, it's AI agents control capital and Bitcoin is the currency of AI.
And we want to enable that future.
So we hold weekly community calls Thursday at 8 a.m. Pacific, where you can definitely see and learn more.
AIBTC.com has all the links.
One bit I did want to highlight from our tech stack, a key piece to what we built is the agent account.
We have this special smart contract that controls what AI agents with wallets can do.
Because it's one thing to give them wallets.
It's another thing to give them rules and procedures.
So AI agents can only do allowed actions.
The owner is the only one who can withdraw funds.
And we're doing this to solve for blockchain fatigue. What is that?
It's really just a term I made up. But from the crypto curious to the veteran,
we've all felt this at some point. There's so many terms, concepts, applications,
and transactions to make everything work
so while decentralized is awesome it's also hard but i think we've found a way to solve for that
and that's what we're excited to share with everyone we'll have you spin up an agent account
on our platform deposit dow tokens or sbtc and you control what your ai does on chain you can
approve contracts swap tokens and govern aiOs. We've actually already deployed
over 100 DAOs and sent thousands of transactions on Testnet, all from AI agents, and Mainnet is
next. So quick overview on what's coming there. First real world use case for these AI DAOs is
going to be the Faces DAO. So Bitcoin Faces is a sub 10k ordinals inscription collection.
You may have seen them before.
And any unique string makes a Bitcoin face.
There's over 4 billion combinations.
So this was like a perfect little project to put in here.
And there's actually one of these NFTs in everyone's wallet if you had an active stack
stress as of this year.
So everybody should have one of these Bitcoin faces anyway.
But what we're going to do is start the Faces DAO.
We're going to create the Faces governance token. And from there, we'll allow you to contribute a tweet and a message
proving some work was done, bond a small stake, and you can earn rewards if those contributions
pass. Reputation scores are kept track of on chain. And we're right at the tail end of getting
this on the mainnet. So we've completed our audits, we've tested our code
and now once we follow the success with faces on mainnet,
we're bringing back Prompt to DAO.
That was another little tool that everybody loved back in January
where you can go from an idea on X
all the way to a fully functioning AI DAO on chain.
And we're also going to address those legacy DAOs
that were launched back in January.
So lots of moving parts, very powerful foundations. I would say definitely come out and join us if
this interests you. You can follow us again on X at AIBTCDev, and you can find us at AIBTC.com.
So come out, set up your agent account to get voting and quick shout out to Rafa,
FactFun and BWAS, Human, Devek, Publius, Cedar. Everyone's on the grind for this.
Thank you so much, Jason.
And last but not least, in terms of coming out and enjoying yourself at some of the greatest and best events across this entire industry, ladies and gentlemen, closing us out.
Before I give us our final words, please welcome Shannon from the Stacks Foundation. Talk to us about events across the world from Asia to the US, to LATAM, Europe and more. Shannon, welcome to the stage.
Thanks. Good to be here. So we are truly, truly not slowing down.
So on the event front, we just wrapped our typical spring and summer with activations and sponsorships at
ConsenSys and Bitcoin Vegas, Permissionless. I know we saw many of you at ECC. So just for those
that are new here, with larger conference weeks, we do host a combination of meetups and side
events and sponsored hackathons and dinners. So if you're looking to get involved, just check out
that Stacks events calendar. It's always going to be listed with where we're sponsoring and speaking
and just opportunities of where to meet us.
If hackathons aren't your thing,
I promise you that we have something else like a happy hour or a meetup
or some sort of activation or booth at a conference
where you will be able to connect with us.
So just keep that in mind.
As we go into the summer,
definitely in for a very busy stretch for Stacks this fall.
Um, so again, check that calendar.
Um, leading the charge here is also your host.
So Kyle, shout out back at you.
Um, Kyle is going to be at many of these events I'm about to mention.
Um, so the Stacks Asia Foundation is definitely holding it down.
So, uh, definitely check that out.
So we are kicking off, uh off late August with BTC Asia.
Following that, we're going to be at WebEx. We also will be joining several larger events with
Hashed. And what that means, again, is speaking opportunity, side events, side dinners. So check
out that calendar. Following that for early September, September 3rd and 4th, we're going to
host two virtual events. We have one that's called BTC Bash,
which will cover different updates from many of the people that you see here. We will also have
technical workshops, just a nice way to get your hands dirty and learn from some of our engineers.
A lot of people from Hero will be representing there. The following day is going to be a new
event for us. It's called Bitcoin Dominance. It's a virtual event. I'm very excited about it. We haven't done something like this before.
The event is designed for institutional leaders, people that are looking to explore
opportunities of getting involved with Bitcoin. So you'll hear more about integrating Bitcoin
into your operations, how it can be productive, learning how productive Bitcoin capital can be to unlock new yield,
learning about liquidity pathways. So lots to learn there. And stay tuned. We will be promoting
the Luma page and ways to get involved. And if you're interested in speaking, there'll be a form
that you can submit to speak as well. So following the virtuals, we're also going to be activating
at Korea Blockchain Week like we typically do. We'll have a lot of side events there.
A really big one for us is Token 2049 Singapore. We're very excited about that. We've already
heard from many people that they will be there. Thousands and thousands of people show up at that
event. It also coincides with F1. So prepare to see Stacks and Stacks big time during that event.
Following token, Kyle, I promise I'll wrap it up here.
We've got DOS London.
We've got Bitcoin Amsterdam.
And one that I'm personally also very excited about, we will be at DevConnect in Buenos
Aires this year.
We are going to be hosting a Bitcoin Builders conference during DevConnect.
We're going to be kicking off the week with a little local barbecue and then followed by a couple evening events and then a mini conference that will kind of be on the bookend of Multi-Chain Day and Staking Summit.
And then you'll have our event followed by many other ETH events and our programming that's scheduled that week.
So that's just a little taste of it.
There are many other events following DevConnect. I know there's SmartCon, there's BTC Mina.
But yeah, stay tuned for those specific updates soon. Check out Stacks Twitter, as always,
and the Stacks events calendar. And if you have any questions, always reach out on events
at Stacks.org. I'm happy to help. That's it. Mic drop, ladies and gentlemen. Thank you so much, Shannon. Looking forward to seeing each
and every one of you at all of those events physically, and also seeing you more here
digitally at future town halls. And as we bring back the crypto internet show, our weekly series
talking about everything stacks building on Bitcoin, and of course, the entire Bitcoin industry, which we'll be bringing back at the same time on Wednesdays
weekly at 11 a.m. You also have office hours with Alex from Hero, as he noted, and a ton more
shows across Twitter, whether that be the Devi show or many more. Definitely looking forward to seeing each of you on those channels,
in those audiences and on those stages,
as we've got a very exciting second half of the year after a fun first half,
incredible Q2 and so much more.
Thank you very much to all of the builders,
those who participated in today's town hall and those who will be participating in future town halls
as you are building your projects heads down today.
Thank you to all of the leaders
from various organizations and companies
and projects and working groups
throughout the ecosystem
for sharing updates of what is
and what is to come across the entire Stacks ecosystem.
And thank you all for tuning in to this quarter, Q2 2025 Stacks Town Hall.
I'm your host, Kyle Ellicott.
And if you would like to tune in live in the future, ask questions, join the conversation,
be sure to follow Stacks on X.
And again, make sure to tune in every week as we begin
to move back to our regular scheduled program as we enjoy the last few days and weeks here in summer.
Also, do make sure to check out and review SIP 31. It was all talked about a lot today. There's a lot
of detail out there. Make sure to check it out. Everyone who spoke on stage, feel free to ask
questions as well. And we will have that upcoming blog post that explains next steps, the upcoming hard fork,
and much more as well. Ladies and gentlemen, I'm your host, Kyle Ellicott. Take care,
and we'll see you soon. Thank you.
