July 19, 2024
Stacking DAO Cycle Update: From NYC Redemptions to Copper and InfStones Partnerships
Stacking DAO Cycle update is the perfect format for the community to explore the latest news and milestones.
The Stacking yield on Stacking DAO is rising again, reaching 10.89% APY based on data from the last two cycles.
The total amount deposited on Stacking DAO is nearing 60M+ STX, indicating a strong and consistent demand for an easy way to earn Stacking rewards while engaging with DeFi.
🔥10.89% APY with Stacking DAO for the last 2 cycles! 🔥
— Stacking DAO (@StackingDao) July 12, 2024
Is there anything better than a high yield on your STX while remaining liquid? pic.twitter.com/E347CmTprd
With the NYC redemptions launched by CityCoins, additional STX has been funneled into Stacking DAO.
Users who redeem NYC for stSTX on the CityCoins website are eligible to mint an NFT that unlocks special point multipliers based on the amount of NYC converted.
Redeem your NYC coins for stSTX to claim an NFT, unlocking a special points boost multiplier! 🔥
— Stacking DAO (@StackingDao) July 8, 2024
CityCoins’ pioneering ethos can continue within @Stacks through Stacking DAO. 🫂
Redeem now your NYC for stSTX on the @mineCityCoins website: https://t.co/1T5rMouL2v.
🧵 ⬇️ pic.twitter.com/wHdBubdxzN
Various DeFi protocols (e.g Zest and Bitflow) have embraced this initiative launched by Stacking DAO, as it unlocks new liquidity for the Stacks DeFi ecosystem.
Partnership Updates
Stacking DAO has partnered with Copper to offer institutions and large holders of stSTX access to their renowed custody and financial services.
The partnership provides a secure, seamless experience for institutional clients to manage stSTX and learn about Stacks.
Copper has partnered with @StackingDao, the liquid staking platform on the #Stacks blockchain.
— Copper.co (@CopperHQ) July 8, 2024
Copper will be the institutional custodian for stSTX.
By integrating the custody of stSTX within Copper’s platform, this strategic partnership streamlines the custodial experience… pic.twitter.com/cpOyynCzRp
Stacking DAO has also onboarded InfStones, a leading staking and node infrastructure provider trusted by top Web3 brands, into the Stacking DAO Signer network to further secure and decentralize Stacks.
🚀 Very Exciting News! 🚀
— InfStones Global (@InfStones) July 15, 2024
We are excited to be joining @stackingDAO in enhancing the Stacks ecosystem and further decentralize the Signer Network! 🤝 https://t.co/JjR5Lk6Q00
Other initiatives and news related to Stacking DAO
Stacking DAO reached 20k followers on X (Twitter)! Thanks to every member of the Stacking DAO community that helped achieving this goal!
🎉 We’ve reached 20k+ followers! 🎉
— Stacking DAO (@StackingDao) July 16, 2024
Thank you for being part of the Stacking DAO community and helping the protocol grow. 🙏 pic.twitter.com/YIDgkzlCVy
It appears that Bankless has leaked some Alpha for the Web3 world.
.@TrustlessState and @RyanSAdams leaked some alpha on @BanklessHQ recently. 👀
— Stacking DAO (@StackingDao) July 9, 2024
Probably nothing, but you're probably going to want more StackingDAO points. 🔥 pic.twitter.com/92u506GmQj
The special code for the this cycle update quest on Zealy is: CityCoins
Stacking DAO is also implementing a fresh look; stay tuned for more news
fresh new look is on the horizon for Stacking DAO 👀✨ pic.twitter.com/EDUUfIfbGf
— Stacking DAO (@StackingDao) July 17, 2024
The Stacks DeFi show hosted by Stacking DAO team is bringing the best builders in Bitcoin, from BOB and BEVM L2s to layers like Zeus that are bridging Solana to Bitcoin.
Make sure to follow Tycho to catch his DeFi show wrap up threads:
1/ Lots of alpha on the @Stacks DeFi Show earlier today!@philiphacks and I spoke with @jakob_btc from @HermeticaFi on their new $USDH BTC stablecoin and caught up with @dappiokeeper from @ZeusNetworkHQ 👇
— tycho.btc (@TychoOnnasch) July 16, 2024
Finally, Stacking DAO has processed another ~196,590.00 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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