Stacking DAO bi-weekly update: From OKX wallet integration to new TVL milestones

Stacking DAO bi-weekly updates is the perfect format for the community to deep dive into the latest news and milestones.

Just two weeks ago Stacking DAO was celebrating a new TVL milestone, reaching $21+ Million worth of deposits.

Now the protocol TVL climbed to $37+ Million with over 23k total users! This is the equivalent of roughly 20M+ STX tokens that are currently liquid and ready to be used in DeFi.

Up to a few months ago, many users would have preferred deploy STX in Stacking over DeFi given the higher yield.
Because users can enjoy both options through stSTX, Stacking DAO is effectively becoming the gateway for Stacks TVL growth and DeFi activity.

Even Muneeb, Co-Founder of Stacks, has been impressed by the rapid rise of Stacking DAO and the seamless protocol user experience.

The OKX collaboration went live, empowering their wallet users to easily engage with the protocol. This integration enhances accessibility to the protocol within the Web3 ecosystem, facilitating user onboarding.

The TVL hitting a new high is just one side of Stacking DAO growth.
Bitflow stSTX pool hit over $10M in deposits, showing the strong interest for DeFi activities involving stSTX to earn further yield on top of Stacking.

More DeFi integrations are on the way, starting from Arkadiko, to offer new use cases and strategies to the community.

A Bug Bounty program in collaboration with Immunefi has also started. Developers that contribute to the protocol security by reporting bugs will be rewarded based on the severity of the issue discovered.

Check the program on Immunefi website.

The process for STX holders to vote for the upcoming Stacks Nakamoto upgrade has started. This major release will lead to faster block production and improve the chain security by achieving 100% of Bitcoin finality.

Stacking DAO is dedicated to playing a pivotal role in Stacks decentralization. As part of this commitment, Stacking DAO is simplifying the process for stSTX holders to cast their votes.

Visit the Stacking section of the website, and participate in the decision by voting for or against the upgrade. Various community members have already expressed their appreciation on social media for this feature.

Genesis NFTs are the top traded collection on Stacks with 29k+ STX volume in the last two weeks. This is 10x more volume than the second ranked!
You can find the Genesis collection on Gamma.

Finally, Stacking DAO has processed another ~15,257 STX in Stacking rewards.

So what are the Stacking DAO next steps from here?

• stSTX-sUSDT pool and swaps
• Borrowing with stSTX on Arkadiko 2.0
• stSTX Earn vaults for additional yield
• Share the big plan of how Stacking DAO will contribute towards the network of Stacks Nakamoto signers
• Decentralise, and become the leading contributor to open source Stacking infrastructure

Stacking DAO Details:

‍Mint stSTX today and earn up to 10% yield on your STX: https://app.stackingdao.com/

Follow us on Twitter to always be up to date on Stacking DAO: https://twitter.com/StackingDao

For any questions or support, join our Telegram community: https://t.me/+0jPjegAOoMwyNTU0

‍