Stacking DAO and Wintermute Partnership to Unlock stSTX Liquidity

We are excited to announce a partnership between Stacking DAO and Wintermute, two prominent players in the crypto space.

This collaboration aims to streamline the process of buying stSTX tokens with fiat for large holders through a unique Over-the-Counter (OTC) deal.

Stacking DAO: Pioneering Liquid Staking on the Stacks Blockchain

Stacking DAO has emerged as the leading liquid staking platform on the Stacks blockchain with approximately $120 million in total value locked.

With its innovative approach, Stacking DAO allows users to earn staking yield by participating in Stacks proof of transfer consensus, contributing to the security of the chain while retaining the ability to deploy assets in various DeFi strategies across the Stacks ecosystem.

Stacking DAO enables users to mint stSTX, the liquid staking token providing users with a flexible and productive way to participate in the Stacks network.

Stacking DAO has quickly gained popularity among investors, has been adopted within Stacks DeFi, and has attracted a large and supportive community.

Wintermute: A Leading Liquidity Provider and Algorithmic Trading Firm

Wintermute is an industry-leading liquidity provider and crypto-native algorithmic trading firm.

Known for its expertise in providing liquidity and OTC trading, Wintermute has established itself as a trusted partner for numerous institutions and cryptocurrency exchanges including Binance, Kraken, and Uniswap.

Their vast experience and market knowledge make them an ideal choice for tackling the complexities of offering liquidity on stSTX tokens for large holders.

Enabling Seamless Buying of stSTX Tokens

The partnership between Stacking DAO and Wintermute aims to solve a critical pain point for large holders who wish to acquire stSTX tokens.

Traditionally, purchasing large amounts of tokens on a secondary market could result in significant price slippage due to the impact of the order on the market.

However, the unique OTC deal enabled by this partnership will allow large holders to buy stSTX tokens seamlessly without disturbing the market.

Additionally, the partnership will enable institutions to access stSTX without needing to face the protocol or conduct any onchain transactions.

By leveraging Wintermute’s expertise in liquidity provision, Stacking DAO will be able to facilitate larger buy orders for stSTX tokens with minimal slippage. Wintermute’s access to deep liquidity pools and advanced trading algorithms will ensure that the buying process remains efficient and minimizes any adverse market impact.

This partnership is a significant milestone for both Stacking DAO and Wintermute, as it showcases the protocol’s maturity and the potential for collaboration between innovative DeFi platforms and established liquidity providers.

It is expected that this partnership will attract more liquidity and interest to the Stacks ecosystem, benefiting both individual holders and the overall Stacks blockchain community.

Conclusion

The new partnership between Stacking DAO and Wintermute represents a major step forward in the liquid staking space. By enabling large holders to seamlessly buy stSTX tokens through a unique OTC deal, this collaboration addresses a crucial challenge and unlocks a world of possibilities for investors.

With Stacking DAO’s leading position in liquid staking and Wintermute’s extensive liquidity provision expertise, this partnership sets the stage for further growth and innovation in the crypto space.

Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies involves risk, and readers are encouraged to do their own research before making any investment decisions.

Stacking DAO Details:

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