August 19, 2024

Stacking DAO Cycle Update: App UI Revamp and Bankless Quest Highlight

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

Stacking DAO has revamped its UI to optimize user interactions with the protocol, enhance the mobile experience, and better embody its identity.

The fresh website look features a brand-new app UI, Signer landing pages, lifetime yield earned data, an updated home page and more. ‍

✨ Stacking DAO is shipping a fresh website look ✨

• New UI
• Signer landing pages
• Lifetime yield earned data
• Updated Stacking DAO home page

Let's explore the latest Stacking DAO UI and feature updates.🧵 ⬇️ pic.twitter.com/0ORxXJB8sf
— Stacking DAO (@StackingDao) August 8, 2024

‍Stacking DAO statistics remain robust, with the yield on STX currently at 9.42% and 60 million STX still deposited in the protocol. Additionally, the total number of stSTX holders is approaching 37,000 addresses

The interest in using stSTX across DeFi keeps increasing with 44% of all stSTX used across Zest, Bitflow, Velar, Hermetica and Arkadiko.

25.6M stSTX ($34M+) are deposited across DeFi! 🔥

This means that 44% of stSTX is being used across @ZestProtocol, @Bitflow_Finance, @VelarBTC, @HermeticaFi & @ArkadikoFinance. 💪

The on-chain data clearly shows that Stacking DAO is unlocking liquidity for @Stacks. pic.twitter.com/NCoC45xjv9
— Stacking DAO (@StackingDao) August 6, 2024

Stacking DAO's significant impact on Stacks DeFi is further evidenced by DeFiLlama's on-chain data, which shows the substantial TVL in STX terms injected into the ecosystem since the protocol launch.

In the last 8 months, Stacking DAO has unlocked 60M STX into the @Stacks ecosystem.

The positive impact is easily highlighted by @DefiLlama on-chain data about the TVL in STX terms injected into Stacks. pic.twitter.com/qzBcFOMlt2
— Stacking DAO (@StackingDao) August 8, 2024

Even Hermetica's Co-Founder shared his insights on why stSTX liquidity is a crucial factor in bootstrapping new and emerging DeFi apps.

The Nakamoto and sBTC release will be huge to activate the Bitcoin economy through @Stacks.

According to @jakob_btc, founder of @HermeticaFi, stSTX liquidity will play a crucial factor in bootstrapping new and emerging DeFi apps. pic.twitter.com/yVSU4WSZcD
— Stacking DAO (@StackingDao) August 6, 2024

Other initiatives and news related to Stacking DAO

Bankless is featuring Stacking DAO in their quests section. The campaign includes tasks involving Leather, Zest, and Bitflow, aimed at educating the Web3 community about the Stacks ecosystem.

✨ onchain questing ✨

have you been meaning to test out BTC Layer 2s?

join me onchain with @LeatherBTC + @StackingDao + @Bitflow_Finance + @ZestProtocol

→ https://t.co/2eWe3I6SQg pic.twitter.com/baBWDSUQW7
— shaaa.eth (@shaaa256) August 15, 2024

Stacking DAO has hit 25,000 Twitter followers, reflecting the growing interest in Stacks and its DeFi ecosystem, both on social media, beyond on-chain adoption.

🎉 We’ve reached 25k+ followers! 🎉

The Stacking DAO community is growing fast! ⚡

Thank you for actively participating in the community. Stacking DAO wouldn’t be where it is today without you." pic.twitter.com/M9DExaLbxj
— Stacking DAO (@StackingDao) August 9, 2024

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

By the way, it looks like Muneeb wants some Stacking DAO drip that Leeor has been rocking recently.

We all know what @muneeb is thinking.

Where do I get the StackingDAO drip that @LeeorShimron is wearing? 🤣 pic.twitter.com/TX71BuzbHg
— Stacking DAO (@StackingDao) August 12, 2024

Stacking DAO also published a blog explaining how, despite recent market volatility, the protocol continues to operate normally with no impact on its systems.

The last few days have been marked by high market volatility. 📉

Nevertheless, Stacking DAO is working normally without any impact on our systems. 💪

The protocol has been designed to be resilient to these events.

Here are a few considerations to highlight. 🧵 ⬇️ pic.twitter.com/eGyDDGB1lY
— Stacking DAO (@StackingDao) August 7, 2024

Finally, Stacking DAO has processed another ~187,140.00 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/KEQfXJnJYj

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

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