Stacking DAO Thrives Amid Market Volatility: Deposits Secure, APY Strong

The last few days have been marked by high market volatility.

Despite this, Stacking DAO continues to operate smoothly, unaffected by the turbulence. The design of the protocol ensures resilience against such market events.

Here are a few key insights to consider:

1. Security of Deposits

All STX deposited into Stacking DAO remains secure within the smart contracts.

The STX-stSTX ratio remains stable, as stSTX is fully backed by STX and Stacking rewards in STX. Withdrawals are processed without delays, though holders will still need to wait for the usual Stacking Cycle to end.

2. Stable Deposits and Positive Inflows

Deposits currently stand at around 60 million STX, with a positive net inflow for this cycle.

Although the TVL has decreased in dollar terms due to recent STX price drops, it has already rebounded by 10% today. Despite market fluctuations, the APY on STX remains strong at 9.42%

3. stSTX Safety in DeFi

stSTX deposits in Stacks DeFi protocols are also secure.

Utilization of stSTX in DeFi stands at 45%, demonstrating continued interest in earning yields regardless of market sentiment. Additionally, the price volatility has not led to mass liquidations on Zest Protocol.

4. Overall Resilience

Despite recent market fluctuations, Stacking DAO continues to operate effectively.

The protocol remains resilient to sharp price drops, and interest in holding stSTX persists due to the attractive 9.42% APY.

Stay safe and rest assured that Stacking DAO is well-equipped to handle market turbulence.

Stacking DAO Details:

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

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