Stacking DAO Cycle Update: sBTC is live!

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

This cycle saw strong activity, with over 2.3M STX deposited into the protocol to capitalize on an 8.7% APY in Stacking rewards.

Highlighting Stacking DAO’s growth, users have collectively earned over 3M STX in yield since the protocol's launch, providing STX holders a way to earn high returns while staying liquid.

DeFi Updates Related to Stacking DAO

sBTC is live, bringing Bitcoin DeFi and liquidity to Stacks. Users can now earn 5% APY in BTC by just holding sBTC and access additional yield opportunities on platforms like Zest, Bitflow, and Velar. Read more about the sBTC yield opportunities here.

9 of the 15 initial sBTC Signers are already part of the Stacking DAO Signer set, underscoring the protocol's commitment to increase Stacks network resilience and decentralization.

Velar DEX has recently launched the stSTX-STX pool which allows liquidity providers to earn up to 37% APY thanks to swap fees and VELAR daily rewards. Check this video tutorial on how to provide stSTX liquidity on Velar.

Other initiatives and news related to Stacking DAO

Stacking DAO released the most comprehensive guide exploring Stacks' breakout year and its role in unlocking the Bitcoin economy. Download the full The State of Stacks 2024 report here.

The Stackies 2024 Awards are here! Stacking DAO has been crowned the "Favorite Stacks Project of the Year." Huge thanks to our incredible community for driving this year’s growth and success!

The Nakamoto Treasure Hunt is back for the holiday season! Each new "Rep" mint resets the timer to 24 hours. The game ends when the timer hits 0, and the final "Rep" minter claims the entire prize pool. Check the tweet below for full details!

Finally, Stacking DAO has processed another ~224,040.00  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/

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