Stacking DAO Bi-Weekly Update: The Nakamoto Odyssey and Onboarding Signers

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

The Nakamoto Odyssey Point Bonuses Activities

The hugely anticipated Nakamoto Instantiation went live a few days ago, meaning faster block times and 100% Bitcoin finality will be live in a few weeks.

Moreover, all STX got unlocked, giving the possibility to stackers who were locked for a long time to finally join Stacking DAO.

Therefore, Stacking DAO launched the “Nakamoto Odyssey,” a series of activities that include a 20x one-time point booster on new STX deposits and a 2x boost on referral points until cycle 84.

The Stacking DAO rose to the number 1 DeFi project on Stacks, and the Nakamoto activities also captured the attention of notable educators and investors such as DeFi Dad.

If you want to learn more about the 20x one-time point bonus, read the blog article explaining all the details of the Odyssey activities.

Bootstrapping Stacks Signer Network

With the Nakamoto upgrade, Stackers need to run a node, effectively becoming Signers, which will play a key role in decentralizing and securing the Stacks network.

Stacking DAO is actively contributing to Stacks resiliency by onboarding top-tier node operators like Luganodes, Restake, ALUM LABS and others as Signers, which are receiving STX delegations with Stacking DAO V2.

Stacking DAO On-Chain Metrics Growth

More than 42.5M STX tokens are now deposited in Stacking DAO, marking another growth step for the protocol, which will be now delegating the deposits to the best node operator providers in the Web3 ecosystem.

Furthermore, 30k total users have interacted with the protocol since its launch, showcasing the growing adoption of Liquid Stacking.

In fact, according to Stacks Pulse, Stacking DAO is consistently among the top apps for unique users in the last 7 days.

DeFi News and Milestones

Hermetica announced the launch of the stSTXearn product, which enables the deposit of stSTX in their vault, promising 16% APY through automated options strategies.

Instead, a detailed thread on how to mint USDA with stSTX and unlock new yield opportunities is available for those looking to use their stSTX on Arkadiko vaults.

Similarly, Stacking DAO unlocks new DeFi opportunities on Velar, as stSTX can be used in Pools or for swaps. A comprehensive thread guide is live for those interested.

Stacking DAO is also offering 2 points per day for all those DeFi pioneers who have their stSTX locked on Zest while they prepare to launch again.

It’s clear that the pieces are coming together for an unprecedented DeFi wave on Bitcoin L2s. Stacking DAO is well-positioned to be at the forefront of this movement.

Stacking DAO Social Media and Content

Stacking DAO hosted together with Stacks and the Spartan Group an event during Token 2049.

In the past few weeks, many Stacks ecosystem members and Web3 educators have been covering Stacking DAO.

Tim wrote a short thread highlighting interesting aspects and news related to Stacking DAO.

Iiaone published a comprehensive thread on the benefits of Stacking DAO by making Stacking more accessible and how it unlocks new DeFi opportunities.

Moreover, Stacksy.btc explained Stacking DAO impact on Stacks with clear and catchy visual graphics.

Fracture.btc posted about how Stacking DAO TVL growth is a clear indicator of interest in Stacks as a network.

While Algorithm.btc short thread explains the importance of a strong Signer network and the role of Stacking DAO in bootstrapping Signers.

Finally, Stacking DAO has processed another ~19,091 STX in Stacking rewards.

Stacking DAO Details:

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