SIP-029 Approved: Strengthening Economic Incentives for the Stacks Ecosystem
December 4, 2024
Hey Stackers, the votes are in and the community has approved SIP-029!

Quick Highlights:
  • Voting closed at block 872,750
  • 579 addresses voted
  • 102,353,504 STX went towards 'yes' votes
  • 3,395 STX against went towards 'no' votes
  • Locked STX: 100.0000 % in favor
  • Unlocked Stacks: 99.9440 % in favor
SIP-029: Preserving Economic Incentives
SIP-029 focuses on preserving economic incentives during significant Stacks network upgrades. This proposal aims to align Stacks halvings with Bitcoin halvings and ensure adequate incentives for miners and validators/signers following the Nakamoto upgrade and sBTC launch.

Key Objectives
The proposal achieves three primary goals:
  1. Precise Alignment: Linking Stacks halvings to Bitcoin blocks instead of Stacks blocks, ensuring synchronization with Bitcoin halvings.
  2. Incentive Maintenance: Preserving adequate incentives for network participants during the critical early stages of sBTC.
  3. Supply Consistency: Maintaining the projected 2050 supply of 1.818 billion STX.
Voting Process and Outcomes
The voting process for SIP-029 was designed to be representative of the entire Stacks community:
  • Voting Window: Between ~ Sunday, November 17th and ~ Sunday, December 1st to vote (between blocks 870,750 and 872,750)
  • Approval Threshold: At least 80% of participating Stacked STX needed to vote in favor.
Implementation Timeline
With the vote concluded, the focus now shifts to implementation:
  • Consensus Deadline: December 7, 2024
  • Original Date: December 27, 2024
  • This timeline allows node operators sufficient time to implement necessary updates before the originally scheduled halving.
Looking Ahead
The approval of SIP-029 ensures that the network can maintain its economic stability during crucial upgrades like the Nakamoto launch and sBTC implementation. Moving forward, the Stacks community can expect a more synchronized economic model with Bitcoin, leading to increased network security and more predictable incentives for all participants.


Learn more about the latest tech updates and sBTC rollout below:
Ongoing Tech Updates
sBTC Rollout Overview