Stacking DAO Cycle Update: 40k+ Twitter followers and stSTX massive DeFi adoption

Stacking DAO Cycle update is the perfect format for the community to explore the latest news and milestones.

The Stacking yield on Stacking DAO remains strong, reaching 8.8% APY based on data from the last two cycles.

With over 54 million STX deposited, this highlights a robust and sustained demand for a simple way to earn Stacking rewards while participating in DeFi.

The impressive growth of the Stacking DAO is further underscored by Stacks educator Stacksy.btc, who reported the following key stats:

• 40k+ followers

• 37,000 protocol users

• $80M in liquidity unlocked

• TVL doubled since launch

• Over 20x growth in active user

DeFi Updates Related to Stacking DAO

stSTX is quickly establishing itself as the go-to asset in Stacks DeFi, playing a pivotal role in helping emerging DeFi protocols attract initial liquidity.

By leveraging the Stacking DAO community, eager to earn both yield and points on top of their Stacking rewards, stSTX has become a key tool for growth.

Tycho, the Founder of Zest Lending Protocol, emphasized how stSTX is emerging as the ideal bootstrapping asset—perfect for attracting substantial TVL and fostering a strong, Bitcoin-aligned community from the beginning.

Several indicators suggest that stSTX adoption in DeFi is rapidly accelerating. For example, stSTX has become the second most traded token on Bitflow, the leading DEX aggregator on Stacks.

In August, Stacking DAO recorded a transaction volume of 9,442,793 STX, while the total Stacks transaction volume of 481,943,104 STX, meaning that for every 50 STX of Stacks volume, Stacking DAO was responsible for 2 STX of volume, according to data from the Signal 21 analytics platform.

In August, Stacking DAO processed a transaction volume of 9,442,793 STX, contributing to the total Stacks network volume of 481,943,104 STX. This means Stacking DAO was responsible for 2 STX of volume for every 50 STX transacted on the network, according to data from the Signal 21 analytics platform.

Moreover, stSTX usage in DeFi protocols are particularly noteworthy, accounting for significant portions of the TVL across various platforms:

• 31% of Bitflow's TVL (~$5M in stSTX)
• 89% of Zest's TVL (~$25M in stSTX)
• 74% of Arkadiko's TVL (~$7M in stSTX)

If you're looking to build a DeFi protocol on Stacks and want to leverage stSTX to attract TVL and cultivate a strong community, here are a few innovative app ideas to consider:

Other initiatives and news related to Stacking DAO

Stacking DAO has achieved another major milestone, surpassing 40k followers on Twitter! The community is growing faster than ever, and it’s all thanks to each and every one of you!

CityCoins NYC Edition NFTs are being airdropped! If you redeemed NYC for stSTX by September 9th, you’ll receive an NFT unlocking a future point multiplier. The image (metadata) will be available next week. Be sure to check the thread below for all the details!

The special code for the this cycle update quest on Zealy is: Token2049

Stacking DAO team took over Korea Blockchain Week in Seoul by actively educating the community about Stacks and Stacking DAO through various panels.

The team’s next stop is Token2049 in Singapore on September 18-19. If you’d like to connect with the leading DeFi protocol on Stacks, be sure to reach out to Tycho and Philip.

Finally, Stacking DAO has processed another ~185,238.00 STX in Stacking rewards.

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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 Discord community: https://discord.gg/KEQfXJnJYj

Join Stacking DAO Zealy space to earn rewards and more: https://zealy.io/cw/stackingdao