Stacking DAO Cycle Update: Stacking Tracker Live and stSTXbtc on The Way

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

Cycle 101 saw a 1.3M+ STX inflow, increasing the protocol's TVL to 54M STX. This growth signals positive momentum ahead of the stSTXbtc launch, which is expected to attract more liquidity from users looking to earn sBTC rewards while keeping their STX liquid.

DeFi Updates Related to Stacking DAO

stSTXbtc is on the way with the launch date scheduled for this Thursday, January 23! This liquid stacking token is backed 1:1 with STX and streams sBTC directly to holders' wallets after every stacking cycle. The core benefits are:

• Earning immediate BTC yield - no cooldown period from native stacking

• Retaining liquidity of STX in the form of stSTXbtc

Stacking DAO is partnering with Portal to Bitcoin to enable swaps between Stacks assets like stSTX and stSTXbtc and tokens from other chains. This collaboration will greatly enhance the accessibility of Stacks tokens and Stacking DAO's liquid staking tokens

Other initiatives and news related to Stacking DAO

The Stacking Tracker is now live, giving Stacks users access to a wealth of information and insights about STX Stacking.

You can explore trends and statistics on Stacking Pools, Stacks Signers, LSTs, and wallet stacking positions. Plus, a Telegram bot is available to send notifications about Stacking activities.

The new Stacking DAO app UI is live! Getting started with Stacking is now easier than ever—simply choose your preferred Stacking option, enter the amount of STX you want to stack, and confirm the transaction. That’s it!

Tycho joined DeFi Dad on The Edge podcast to discuss the lates updates in the Stacks ecosystem, including sBTC, Stacking DAO, and the upcoming stSTXbtc product.

Finally, Stacking DAO has processed another ~172,491.00 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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