Stacking DAO Cycle Update: TVL Hits New All-Time High with 70M+ STX

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

Stacking DAO has reached a new all-time high TVL, with currently over 70M STX deposited across its stacking products. This milestone shows that STX holders are increasingly seeking yield on their liquidity rather than letting it sit idle.

Over 10M STX from the Muneeb family entity was deposited into Stacking DAO to mint stSTXbtc and earn up to 10% APY in sBTC rewards. Be like Muneeb — just use Stacking DAO.

DeFi Updates Related to Stacking DAO

Stacking DAO has been integrated into the Leather website's Earn section. Whether you prefer native or liquid stacking, you can now select Stacking DAO as your go-to option.

As the only native stacking pool with 0% fees, it offers the most cost-efficient way to stack while its Liquid Stacking tokens are also the most integrated in the Stacks DeFi ecosystem, providing users with broader utility across DeFi applications.

stSTX usage in Stacks DeFi remains high, with a utilization rate above 50%, highlighting the ecosystem's growing demand to put STX liquidity to work.

Other initiatives and news related to Stacking DAO

The Stacking DAO team attended ETH Denver last week, as Bitcoin L2 adoption continues to gain momentum. The event was the perfect opportunity to connect with newcomers curious about Bitcoin DeFi and Layer 2 solutions.

The second sBTC cap went live last week, with the additional 2,000 sBTC limit filled in less than 24 hours. As more sBTC flows into Stacks, the ecosystem becomes increasingly attractive for both users and builders.

Stacking DAO has integrated BNS names. Just connect your wallet with a .btc address.

Unsure about which Stacking option is best for you? Here is the ultimate Stacking guide to learn about the trade offs among all Stacking options in the Stacks ecosystem.

Finally, Stacking DAO has processed another ~141,530.00 STX (for stSTX) and ~0.53 sBTC (for stSTXbtc) in Stacking rewards.

1)stSTX reward transaction

2)stSTXbtc reward transaction

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Stacking DAO Details:

Mint stSTX & stSTXbtc today and earn up to 10% yield on your STX: https://app.stackingdao.com/

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