DeFi Guide: Hermetica stSTX Options Vaults

Hermetica is a DeFi platform built on the Stacks blockchain. Its innovative vaults offer unique opportunities to generate additional yield by applying innovative, automated strategies.

One of Hermetica’s exciting features is the integration of stSTX, the liquid stacking token issued by Stacking DAO. This enables users to unlock their STX liquidity in DeFi.

How stSTXearn Vaults historically generates 16% APY:

The Hermetica stSTXearn Vaults employs an automated options strategy to generate returns on stSTX deposited in the vault.

This tactic operates by buying and selling binary calls on STX based on a simple trend-following system. In simpler terms, it uses smart contracts to automatically make investment decisions based on the current market trends, aiming to maximize returns.

It’s important to note that the stSTXearn token is a non-custodial yield product for Stackers, which generated an average 16.2% annualized return on STX during the 4.5-year backtest period.

Click here to learn more.

Step-by-Step Guide: Using stSTX on Hermetica Vaults

Earning additional yield with Hermetica Vaults is a seamless process. Here’s how to get started:

• Request Vault Access: The first thing to note is that the app is not publicly available, so users need to request access or join the waiting list.
• Connect Your Wallet: Once eligible, visit Hermetica and connect your wallet containing your stSTX tokens. (Note: You can also mint stSTX token from the Stacking DAO app by clicking on the Mint stSTX button)
• Select stSTX Earn Vault: Choose the stSTX Earn Vault to initiate the yield generation.
• Deposit stSTX: Deposit your stSTX tokens into the stSTX Earn Vault to earn additional

Strategy Overview and Metrics

Users can also find all the information and stats about the stSTXEarn vault.

They describe the current trend and payout scenario but also provide additional information on last traded options, current returns, and more.

Conclusion:

By utilizing Hermetica’s vaults with stSTX, Stacking DAO users can unlock additional yield-generating opportunities within the Stacks ecosystem.

Thanks to the innovative integration of stSTX, new strategies, and avenues for earning rewards are now available, further solidifying the impact of Stacking DAO on the growth and adoption of DeFi on Stacks.

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