Stacking DAO Cycle Update: LSTs at the heart of Stacks DeFi

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

Cycles keep passing, and Stacking DAO is closing in on the 100M STX milestone, meaning nearly 1 in every 6 STX will be stacked through Stacking DAO.

DeFi Updates Related to Stacking DAO

Onchain data doesn’t lie. Stacking DAO LSTs are now a core pillar of Stacks DeFi:

• stSTX–STX is the largest pool on Bitflow

• 43% of stSTX and 11.5% of stSTXbtc are deployed in DeFi

• $4M+ is borrowed against them on Zest

Other initiatives and news related to Stacking DAO

If you’re heading to Bitcoin Asia in Hong Kong (28–29 August), be sure to connect with the Stacking DAO team.

Want to catch up on the latest in the Stacks ecosystem? Don’t miss the latest edition of the 'What’s Happening on Stacks' thread:

Reminder: the best way to stay up to date with Stacking data and insights is through the Stacking Tracker.

Finally, Stacking DAO has processed another ~139,698.00 STX (for stSTX) and ~0.4263 sBTC (for stSTXbtc) in Stacking rewards.

1) stSTX reward transaction

2) stSTXbtc reward transaction

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Stacking DAO Details:

Earn up to 10% yield on your STX today with Stacking DAO: 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