Stacking DAO bi-weekly update: Nakamoto upgrade and Staking DAO V2

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

This cycle has been exciting, as both Stacking DAO V2 and the rebranding have been revealed.

First, Stacking DAO V2 is a huge announcement, as STX deposited in the protocol will be delegated to Stacks signers, contributing to a healthy Signer network.

Many within the ecosystem have shared their excitement about V2 and its benefits, such as Diego May (Bitflow co-founder), Gina (Trust Machine team), Jiurn (Bitcoin educator), and other community members.

The Rebrand also went live, reflecting its evolving identity and commitment to keep building upon the great work of the Stacks ecosystem. Make sure to visit the new and refreshed Stacking DAO website and landing page.

Stacking DAO has surpassed $120M+ in TVL last week, an impressive amount of liquidity flowing into DeFi protocols and to be delegated to Signers after Nakamoto.

Moreover, the protocol is nearing 30k total users, showcasing the great interest in Liquid Stacking within the Stacks ecosystem.

In fact, according to Stacks Pulse, Stacking DAO is the second most-used Stacks protocol, and according to Cryptolaxy, the protocol is among the top 11 LSTs by monthly TVL growth.

DeFi Developments

Stacking DAO is becoming even more mainstream thanks to a partnership with Bitget. Bitget's STX earn product is powered by Stacking DAO, facilitating CEX users' onboarding to the network via Stacking.

Velar also integrated stSTX pools and trading pair, offering a new DeFi avenue for Stacking DAO users. Moreover, by depositing stSTX on Velar, users get to accumulate point faster.‍

Even Newman Capital shared on X their thoughts on the benefits and meaning of this DeFi integration.

Another update involves Zest Protocol which has enabled to take STX loans against stSTX. This is a great unlock for people who want to use leverage.

The increasing impact of Stacking DAO on bootstrapping DeFi liquidity and Stacks growth has been further highlighted by Signal21 in their report.

Aside from DeFi, Stacking DAO has proceeded with many integrations.

Stacking DAO has also been integrated into Stacking Reward’s website, which is the market leader for staking data and insights.

As highlighted by Leather Wallet, now anyone can deposit on Stacking DAO via LockStacks, offering a new way for users to interact with Stacking:

There have also been many news on the Social side

Stacking DAO was featured on Defiant News, one of the largest media companies in Web3, highlighting its widespread recognition and impact within the DeFi community.

Stacking DAO also received notable recognition from Thesis, a prominent web3 venture studio.

The Stacking DAO community had a glimpse of the Nakamoto Odyssey, which sparked profound interest.

The first activity has also been announced, which consists of a 2x boost in referral points generation from new addresses starting from April 16.

Finally, Stacking DAO has processed another ~16,245 STX in Stacking rewards.

Stacking DAO Details:

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