Yesterday I posted about sBTC being down 50%. Which was theoretically true due to the imbalanced price pools of @ALEXLabBTC which suffered from yet another hack and the APIs indexing their price.
sBTC holders SAFU. sBTC continues to be backed 1:1. I wish getting BTC half price was possible (I tried to arb it FYI, but there was no way to do this).
@ALEXLabBTC LPs are the only ones which suffered millions in losses.
Do I enjoy using Stacks, the answer continues to be no. Maybe the day will change, but for now other chains that have Bitcoin wrappers provide a far superior user experience and Stacks users should def try using Solana as a benchmark!
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