DeFi Guide: Swapping any Stacks token for stSTX

Bitflow has launched multi-hop swaps for stSTX, which allows users to exchange stSTX with any tokens paired with STX on Stacks.

First of all, what are Bitflow Multi-hop swaps?

They let users perform trades by routing through multiple pairs in a single transaction.

For instance, users can swap from stSTX to WELSH directly while, in the background, the actual trading route is stSTX<>STX on Bitflow to STX<>WELSH on Velar.

Multi-Hop Swaps Guide

1. ‍Head to Bitflow, click “Connect Wallet,” & select a wallet holding stSTX‍
2. Select stSTX and any other token or memecoin as assets to swap‍
3. Select the amount to trade (e.g. 3 stSTX for X amount of Welsh tokens)‍
4. Click on Swap & confirm the transaction

The process is straightforward as it’s basically a swap like anyone else.

Conclusion

StSTX is becoming the go-to asset for Stacks DeFi.

This is becoming even more true now that any token paired with STX can be swapped for stSTX.

Upcoming tokens listed on Velar & Bitflow will benefit from $100M+ in stSTX liquidity as a token pair.

Stacking DAO Details:

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

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