August 2, 2024

Stacking DAO Cycle Update: 60M STX Deposits Milestone

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

60M+ STX ($100M+) have been deposited on Stacking DAO!
This marks an important milestone, highlighting the growing demand for easy access to stacking yields while participating in Stacks DeFi.

🚨 Over 60M STX ($100M+) deposited on Stacking DAO! 🚨

New liquidity is being unlocked for the @Stacks DeFi ecosystem.

Using Stacking DAO is the easiest way to support Stacks and earn up to 10% APY on STX. pic.twitter.com/NwmdgxeqRV
— Stacking DAO (@StackingDao) August 2, 2024

Furthermore, the yield on Stacking DAO remains above 10% APY, making it an attractive protocol for users looking to earn more STX.

As showcased by Leeor, Stacking DAO Head of Growth, with an STX inflation rate of ~5%, the actual yield on stSTX is more than ~5%. This shows the strong returns users can get, reinforcing the value and appeal of the Stacking DAO liquid stacking protocol.

The $STX inflation rate is ~5%.

So 5% of new supply is minted every year@stackingdao offers an APY of 10.89%, meaning the REAL yield of holding stSTX is ~6% 💸

Minting and holding stSTX protects your STX position from getting diluted, while earning a positive real yield ✊
— leeor.btc (@LeeorShimron) July 19, 2024

Partnership Updates

Stacking DAO has integrated the Orange Wallet, enabling all Orange users to easily stack their STX on the protocol. Stay tuned for exciting updates on this evolving partnership.

We are excited to partner with @StackingDao, the leading liquid staking protocol on the Stacks blockchain, boasting over $100M TVL and 10.89% APY.

Why is it significant? 🧵👇 (1/3) pic.twitter.com/yf9Hro04Gh
— Orange 🟠💊 (@OrangeCryptoHQ) July 22, 2024

HashKey Cloud has joined the Stacking DAO Signer network. They are working with giants of the sectors such as Lido, Rocket Pool, and Eigen Layer and now they will use their expertise to help make Stacks more resilient.

We're excited to announce our partnership with Stacking DAO @StackingDao 🥳🥳

We'll join hands with Stacking DAO to secure the Stacks ecosystem! https://t.co/Pb8SS0ZXqg
— HashKey Cloud (@HashKeyCloud) August 1, 2024

InfStones announced its collaboration with Stacking DAO as one of the protocol's 10 Signers. As a Signer, they will contribute to the stability of the Stacks ecosystem by delivering reliable stacking and node infrastructure.

🚀 We’re thrilled to announce our collaboration with @StackingDao, an innovative platform unlocking liquidity for stacked #STX assets!

As one of their 10 verified operators, we are proud to contribute to the security and stability of the Stacks network! 🤝https://t.co/baYjfWdv0G
— InfStones Global (@InfStones) August 1, 2024

Other initiatives and news related to Stacking DAO

The Stacking DAO team was in Nashville for the Bitcoin Builders Conference. Philip and Tycho joined a panel on Bitcoin yields, where many attendees expressed enthusiasm about Stacking DAO's rapid growth.

During the Bitcoin Builders Conference, @philiphacks and @TychoOnnasch discussed the increasing importance of Bitcoin yields.

The event was a great success, showcasing the rapid growth of the Bitcoin economy.

The future of the Stacks and Bitcoin ecosystem is bright. pic.twitter.com/vrlGIdfmQu
— Stacking DAO (@StackingDao) July 26, 2024

Stacking DAO is trending among the quests on Bankless, drawing more attention to Stacking DAO and the Stacks DeFi ecosystem as new users engage with tasks on the leading Web3 educational platform/hub.

Stacking DAO is trending among the quests on @BanklessHQ! 🔥

Anyone can now complete the tasks related to Stacking DAO.

It's time for the whole Web3 ecosystem to learn about the leading DeFi protocol on @Stacks.https://t.co/VI7mLP7Jnk pic.twitter.com/MG9fA3BG2J
— Stacking DAO (@StackingDao) August 1, 2024

Stacking DAO LinkedIn official page is live. Stay updated with the latest news and start following the protocol also on LinkedIn.

Stacking DAO official Linkedin page is live! 🔥

Stay updated with the latest news and join our network on LinkedIn: https://t.co/BFPDQfaCj0 pic.twitter.com/lESfI2F78d
— Stacking DAO (@StackingDao) July 24, 2024

The special code for the this cycle update quest on Zealy is: 60M

In the latest Stacks DeFi Show, Stacking DAO hosted a Twitter Space with Leather and Orange Wallets as guests, focusing on Bitcoin wallet UX and strategies for onboarding new users.

Don't miss the @Stacks DeFi Show on Tuesday, 30 July, at 10 AM ET! 📆@LeatherBTC and @OrangeCryptoHQ will join to discuss the importance of Bitcoin wallet UX for onboarding users.

Set the reminder now: ⬇️https://t.co/9vAJ036LH3 pic.twitter.com/P5L8cmfIGx
— Stacking DAO (@StackingDao) July 29, 2024

Finally, Stacking DAO has processed another ~203,197.00 STX in Stacking rewards.

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/yDuMYJZQzd

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

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