July 5, 2024

Stacking DAO Cycle Update: Wintermute and Asigna Collabs

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

Stacking through Stacking DAO is becoming increasingly more appealing, with the yield rising to 9.75% APY based on data from the last two cycles.

Regarding growth metrics, both STX deposits in the protocol and the total number of users are steadily increasing, showcasing the continuous adoption of Stacking DAO.

In Stacks DeFi, stSTX remains the go-to asset, as shown by the on-chain data. stSTX represent:

92% of Zest Protocol TVL
73% of Arkadiko Finance TVL
39% of Bitflow TVL

Is stSTX becoming the go-to asset in @Stacks DeFi?

The on-chain data speaks for itself:

-92% of @ZestProtocol TVL
-73% of @ArkadikoFinance TVL
-39% of @Bitflow_Finance TVL pic.twitter.com/NtitfzB1nE
— Stacking DAO (@StackingDao) July 2, 2024

Partnership Updates

Stacking DAO partnered with Wintermute, the leading trading firm focused on creating liquidity and efficient markets for digital assets.

By working with Wintermute, stSTX liquidity is further unlocked, by allowing large holders to acquire stSTX through OTC deals with low slippage.

📣 Partnership Announcement 📣

By working with @wintermute_t, large holders can now acquire stSTX with a unique OTC deal.

By reducing slippage and maximizing efficiency for large orders, stSTX liquidity gets further unlocked.

🧵 ⬇️ pic.twitter.com/sax5PfS5Wz
— Stacking DAO (@StackingDao) June 24, 2024

Stacking DAO also integrated Asigna multisig solution to enhance the protocol security and push forward new security best practices within the Stacks ecosystem.

📣 Partnership Announcement 📣

Stacking DAO security has been enhanced, thanks to the @asignaio multisig solution.

With this collaboration, new security standards are being introduced in the Stacks ecosystem.

🧵 ⬇️ pic.twitter.com/A88IQZERah
— Stacking DAO (@StackingDao) June 25, 2024

Stacking DAO also completed a new audit for the V2 with CoinFabrik. Stacking DAO is strongly committed to continually strengthening the protocol and maintaining a high level of security.

Thank you @StackingDao for trusting us to audit your smart contracts again 💪

Full audit report here: https://t.co/12A5rKFiU2 pic.twitter.com/CYQiZY9OkL
— CoinFabrik (@coinfabrik) June 14, 2024

Other initiatives and news related to Stacking DAO

Stacking DAO is the main sponsor of the Bitcoin Builders Conference in Nashville from July 24–26. It will be the perfect opportunity to meet the whole Bitcoin ecosystem.

Stacking DAO is a headline sponsor of @buildingonbtc! ✈️

If you will be in Nashville from July 24-26, reach us out to learn about the leading Liquid Stacking protocol on @Stacks. 💬

We look forward to seeing and hearing from all of you. 😉 pic.twitter.com/AAD2bJv0Ay
— Stacking DAO (@StackingDao) June 26, 2024

Stacking DAO team members will also attend ETHcc in Brussels next week.If you will be there, make sure to send a DM to Tycho.

Stacking DAO will be attending @EthCC!

If you will be in Brussels from July 8-11, reach out to learn about the leading DeFi protocol on @Stacks.

We look forward to seeing and hearing from all of you. pic.twitter.com/4CpO6jq7MX
— Stacking DAO (@StackingDao) July 1, 2024

Stacking DAO hosted the Stacks DeFi show featuring Sovryn and Layer Bank, two prominent DeFi teams building on Bitcoin. Keep tuning in as more major players in the Bitcoin ecosystem will be joining.

Building on Bitcoin is the number one theme of 2024🧡

Let's look at the incredible Decentralized Finance builders activating the Bitcoin economy.

Today, our regulars are joined by @SovrynBTC and @LayerBankFi. Set a reminder for in 15 minutes 👇https://t.co/ejNyGXHkbK
— stacks.btc (@Stacks) June 25, 2024

Zealy quests are ongoing! Complete the quest to become eligible for daily USDC raffles and monthly rewards for the top 10 in the leaderboard.

The special code for the following quest on Zealy is: Liquidity

📣 WINNERS ANNOUNCEMENT 📣

Congrats to the last 7 daily @zealy_io winners; each one won 10 USDC@sportmug @F_official09 @sunsun_jp @KevinMasese3 @dada_dread @jreaytre @devua19

Check your 𝕏 DMs.

Keep completing Zealy quests to qualify for daily USDC raffle and monthly rewards pic.twitter.com/FgHKk1cyqe
— Stacking DAO (@StackingDao) July 1, 2024

Finally, Stacking DAO has processed another ~218,660.00 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 Telegram community: https://t.me/+0jPjegAOoMwyNTU0

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