Stacking DAO Bi-Weekly Update: $30M worth of stSTX is in DeFi

Stacking DAO bi-weekly updates is the perfect format for the community to explore the latest news and milestones.

Stacking DAO Metrics Growth

Stacking DAO TVL reached 53M+ STX ($110M+) and 34k total users, showing further growth and community interest in the protocol.

StacksPulse revealed 2,704 unique users interacted with Stacking DAO in the last seven days, the highest weekly amount in the last month.

Stacking DAO growth since the protocol launch has been astounding, and it wouldn’t have been possible without the Stacks community. Check this thread to learn all the milestones achieved by the protocol up to now.

If you are just starting with Stacks, read this introductory thread on Stacks and why Stacking DAO is a great starting place to get familiar with the ecosystem.

What happened in Stacks DeFi related to Stacking DAO?

stSTX has played a key role in bootstrapping DeFi protocols liquidity, and the numbers back up the statement. Right now, $30M worth of stSTX is in DeFi,which is around 1/3 of Stacking DAO TVL.

• 5,5M stSTX in Bitflow Finance
• 4,8M+ stSTX in Zest Protocol
• 4,2M+ stSTX in Arkadiko Finance
• 400k+ stSTX in HermeticaFi
• 9k+ stSTX in Velar

Talking about DeFi, Tycho Onnasch, a Stacking DAOcore contributor and Zest Founder, spoke at an event in Hong Kong bout how big Bitcoin DeFi can become.

Bitcoin DeFi is entering the mainstream here rapidly and it’s the dominant narrative by far. Met so many users I look forward to going back soon

Finally, given the recent security incidents involving Stacks apps, rest assured that security is a core focus, and Stacking DAO the DeFi protocol with the least attack surface.

What are the other initiatives and news related to Stacking DAO?

The leading Web3 educator and investor, DeFi Dad, expressed his appreciation of Stacking DAO work and the protocol role in unlocking liquidity on Stacks.

Stacking DAO was featured in Defiant latest article. For DeFi users who are new to Stacks, they emphasized that stSTX is the perfect place to start.

Stacking DAO announced an improved points script as a game changer to increase transparency and introduce other benefits:

Appreciating community educators such as:

Roman K posted a chart clearly explaining the benefits of Liquid Stacking Stacking:

Scorpy posted a great scheme recapping how people can use stSTX in DeFi:

Tim featured Stacking DAO in his educational thread explaining that Stacking is just like a Castle:

Algorithm discussed the recent increase in DeFi activities on Stacks, which is primarily due to liquidity unlocking, especially through liquid staking.

Stew_SoFresh created a walk-through YouTube video about Stacking DAO:

Stacksy infographic highlighted key Stacking DAO security measures and achievements:

iiaone wrote a great thread on the importance of the Stacking DAO Signer network:

Finally, Stacking DAO has processed another ~183,872.50 STX in Stacking rewards.

Stacking DAO Details:

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

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