LBTC: Bitcoin-pegged token on Stacks

What is LBTC?

What’s so special about LBTC?

  1. Supplies BTC liquidity to the Stacks ecosystem.
  2. Opens up the function of STSW tokens as collateral tokens.
  3. BTC price tracking to create arbitrage trading demand.
  4. Create even more trade options on Stackswap by combining LBTC for a variety of trading pairs.

How do I issue (or loan) LBTC?

  1. Obtain STX tokens, transfer to your wallet, and visit app.stackswap.org.
  2. Obtain STSW tokens using the Stackswap Swap function.
  3. Mint LBTC with STSW tokens as collateral with the Stackswap Vault function. (Minimum debt ratios options are 200% and 225%)

How do I liquidate my position (repay loans)?

  • Users can request repayment with STSW corresponding to the issued* value of LBTC**. This liquidation can be triggered by the user at any time.

Timeline Notes

  • Direct STX collateral is coming soon
  • More tokens will be supported eventually
  • Vault is open and under testing, with an audit report drafted and full report to be finalized by external auditors.

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The First Complete DEX leveraging the Bitcoin network

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The First Complete DEX leveraging the Bitcoin network

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