September 2, 2024

Stacking DAO Cycle Update: Zeus partnership and protocols new milestones

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

Stacking DAO continues to be an appealing choice for those seeking high yields on STX, with the current protocol APY averaging 8.8% in Stacking rewards over the past two cycles.

Additionally, the total number of Stacking DAO users has surpassed the 37k milestone, with over 54 million STX deposited. Interest in earning Stacking rewards while staying liquid remains undeniably strong.

According to StacksPulse, Stacking DAO is the second most used Stacks protocol to date, with 20k more unique users than the third-ranked protocol. It's remarkable to consider that the protocol launched just 8 months ago.

Stacking DAO is the second most used DeFi app on @Stacks!

36400+ users have interacted with the protocol to earn up to 10% APY in Stacking yield.

Additionally, stSTX enables these users to easily engage with the DeFi ecosystem (e.g @ZestProtocol, @VelarBTC, @Bitflow_Finance) pic.twitter.com/ZQETAfTyUZ
— Stacking DAO (@StackingDao) August 20, 2024

Signal 21 metrics clearly demonstrate the positive impact Stacking DAO has had on Stacks DeFi since its launch, doubling the ecosystem's TVL and increasing active addresses by over 20 times.

What was the impact of Stacking DAO on @Stacks? 🤔

The @signal21btc DeFi metrics since December speak for themselves —unbelievable growth! 🤯 pic.twitter.com/BE13egamR9
— Stacking DAO (@StackingDao) August 30, 2024

If you're interested in exploring the on-chain data and initiatives driving Stacking DAO's rapid growth, check out this thread:

Stacking DAO is the largest @Stacks DeFi protocol. 🤯

But how did we get here?🤔

Let's dive into on-chain data and initiatives to investigate. 🔍

🧵 ⬇️ pic.twitter.com/xcHvw3dJrU
— Stacking DAO (@StackingDao) August 22, 2024

Other initiatives and news related to Stacking DAO

Stacking DAO is partnering with Zeus to bring more utility to Bitcoin. With the Stacks and Solana DeFi ecosystems working together, Bitcoin DeFi will grow faster than ever.

Expect more synergies like these post-Nakamoto upgrade https://t.co/DrDoWDfJJl
— JAMES @ ANIMOCA VENTURES (@JIQQYJONES) August 21, 2024

Stacking DAO has a new mascotte! He thinks Stacks and its DeFi ecosystem are smashing. Stay tuned to discover his name.

Looks like Zester from @ZestProtocol has a new friend in town.

He thinks @Stacks is smashing✊

He loves Stacking DAO's smashing yields!

But he needs a name.🤔

What would you call him? pic.twitter.com/8I8YDJCY9B
— Stacking DAO (@StackingDao) August 28, 2024

With the Nakamoto Activation rollout going live on August 28, the ecosystem will soon enjoy fast blocks and 100% Bitcoin finality. The era of minting stSTX and deploying it in DeFi within seconds is nearly here.

The @Stacks Nakamoto Activation rollout is going live today!

Signers have Stacking Cycle 92 to upgrade, followed by a cycle for a smooth handoff. Core devs will then pick a block for the rules to go live.

Fast blocks and 100% Bitcoin finality are almost here! pic.twitter.com/B127xQi99U
— Stacking DAO (@StackingDao) August 28, 2024

The special code for the this cycle update quest on Zealy is: Nakamoto

Stacking DAO will be at Korea Blockchain Week from September 1-7. If you're attending and would like to connect with the team, be sure to reach out to Leeor or Tycho.

The Stacking DAO team is coming to @kbwofficial in Seoul from September 1-7!

If you will be at the event, reach out @LeeorShimron and @TychoOnnasch to connect with the leading DeFi protocol on @Stacks.

We look forward to seeing and hearing from all of you. pic.twitter.com/0VyxEVBBFj
— Stacking DAO (@StackingDao) August 29, 2024

Stacking DAO also attended Webx in Tokyo. It was great opportunity to meet with users and builders interested in scaling the Bitcoin economy.

WebX in Tokyo was a blast! 🚀

A great opportunity to connect with builders, partners, and the community around @stackingdao.@LeeorShimron also shed light on Bitcoin DeFi and Stacking DAO's role during the @DeSpreadTeam panel with @ZeusNetworkHQ, pic.twitter.com/kScPvExOuc
— Stacking DAO (@StackingDao) August 30, 2024

Finally, Stacking DAO has processed another ~209,825.00 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 Discord community: https://discord.gg/KEQfXJnJYj

Join Stacking DAO Zealy space to earn rewards and more: https://zealy.io/cw/stackingdao

The latest news, product updates, thought leadership, and more from the StackingDAO team.

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