June 21, 2024

Stacking DAO Bi-Weekly Update: Trade stSTX with any token on Stacks

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

First, let’s welcome Leeor Shimron as the new head of growth for Stacking DAO. A former Kraken and dRPC BD, he will drive Stacking DAO to its next growth milestone.

Stacking DAO team is expanding with @LeeorShimron joining as the new Head of Growth!

Leeor, a former @krakenfx BD & active @ForbesCrypto contributor, is here to drive Stacking DAO to its next growth milestones.💪

Give him a warm welcome below. 🤗 pic.twitter.com/a80KIs3XZV
— Stacking DAO (@StackingDao) June 11, 2024

With 55M+ STX locked in the protocol earning Stacking rewards, Stacking DAO keeps attracting STX liquidity. There is yet to be a cycle that resulted in net outflows.

Stacking DAO is also getting closer to becoming the most used app on Stacks, showcasing its importance in onboarding users in the DeFi.

Stacking DAO is the second most used DeFi app ever on @Stacks according to @stackspulse. 🔥

In only a few months since Stacking DAO launch, it brought in almost 35k users. pic.twitter.com/JQsJZolY1J
— Stacking DAO (@StackingDao) June 7, 2024

Moreover, Stacking DAO users are currently enjoying a 9.1% APY on their STX. If you are looking for high yields on Stacks, you know where to look.

🔥 9.1% APY with Stacking DAO for the last 2 cycles! 🔥

If you are looking for a high yield on STX while earning rewards and points across @Stacks DeFi, Stacking DAO is the solution. pic.twitter.com/X8Xadv7XOv
— Stacking DAO (@StackingDao) June 12, 2024

DeFi Updates Related to Stacking DAO

Bitflow has launched MultiHop swaps, enabling users to swap stSTX on Bitflow for any Stacks token paired with STX. Basically, trades are routed through multiple pairs in a single transaction.

For instance, users can swap $stSTX -> $LEO directly, while in the background, the route stSTX<>STX on Bitflow to STX<>WELSH on Velar occurs.

🌊PRODUCT UPDATE🌊

We're excited to announce the launch of multi-hop swaps for stSTX on Bitflow!
Now, you can easily swap your stSTX (StackingDAO Token) for any tokens paired with STX on Velar, using our DEX, including $WELSH, $PEPE, $LEO, $VELAR, $KANGAROO, $ODIN, $aeUSDC, and… pic.twitter.com/3lwqaq3UY2
— Bitflow (@Bitflow_Finance) June 10, 2024

stSTX is becoming the go-to asset for Stacks DeFi. Now that it can be used to swap with any token on Stacks, stSTX will establish itself even further.

If you are looking for a guide on how to earn yield or borrow stSTX on Zest, make sure to read this guide:

stSTX borrowing has been enabled by @ZestProtocol.

It’s now possible for @Stacks users to:

• Earn yield on their stSTX deposit
• Use stSTX as collateral to borrow even more of it

Here is everything you need to know to get started on Zest with stSTX. pic.twitter.com/jzCuWBqwWu
— Stacking DAO (@StackingDao) June 11, 2024

Other initiatives and news related to Stacking DAO

Muneeb himself talked about Stacking DAO during his interview with Grayscale. Is there a better seal of approval than Stacks founder praising the protocol growth?

Is there a better seal of approval than the @Stacks founder himself, @muneeb, talking about StackingDAO?

Check out this clip from the interview he did with @Grayscale! pic.twitter.com/i6Q9sbF4Or
— Stacking DAO (@StackingDao) June 17, 2024

Dynamo DeFi, the leading Web3 educator, highlighted Stacking DAO in his Stacks DeFi and airdrop strategies guide.

https://www.youtube.com/watch?v=V5FgR0TgFv4&t=774s

Stacking DAO was also featured in the latest NuggetsNews best Bitcoin DeFi protocols series. Already 1k people viewed the interview in less than a day:

Today we welcome StackingDAO core contributor & Zest Protocol founder Tycho. We discuss StackingDAO's STX & sBTC restaking protocol, Bitcoin DeFi & all the best protocols they are integrating with. pic.twitter.com/qmgcr8lymI
— Nugget's News (@NuggetsNewsAU) June 19, 2024

Stacking DAO also published a thread on how users can counter STX inflation by earning yield on STX and chasing airdrops/rewards.

If you are not using Stacking DAO, you are losing the battle against STX inflation.

How can users avoid it?

By earning yield on STX and chasing potential Stacks airdrops / rewards.

Discover how to counter inflation and maximize your returns within the ecosystem. 🧵 ⬇️ pic.twitter.com/3lBFQ5d1hY
— Stacking DAO (@StackingDao) June 14, 2024

Stacking DAO is now also live on Zealy, where users can actively earn USDC rewards and more by completing simple quests.

Appreciating community educators such as:

Bito Ordileone for creating content on Stacks DeFi:

TVLs in the different projects on STX🌹 pic.twitter.com/GuxReZWIPa
— Bito Ordileone 🌹 (@bitoordileone) June 18, 2024

Roman K and Scorpy for explaining how stSTX is the perfect asset to earn points on Stacks:

Points season is in full swing on @Stacks, and stSTX is your ticket🎟️

Earn points on ALL the top Stacks DeFi apps: StackingDAO, Hermetica, Bitflow & Zest - with just stSTX

Web3 loves points, and @StackingDAO's stSTX makes it easy to grab them!⚡️ pic.twitter.com/IzeqbhEpwG
— Roman K (@neddfil) June 18, 2024

⚂⚂⚂ Are you accumulating points or should I mind my business? 🤔

⚂⚂⚂ Points are literally the easiest way for users to track their growth and activity.

⌑ Holding StSTX gives you the opportunity to stack up points across various defi protocols on @Stacks such as… pic.twitter.com/2oCtSOO3Ae
— Scorpy (@Sscorpy_) June 11, 2024

iiaone for showcasing how Stacking DAO has quickly emerged as a pillar of Stacks DeFi ecosystem.

Since inception, @StackingDao has been a cornerstone for the growth of the Stacks ecosystem.

Becoming the largest DeFi protocol in the Stacks ecosystem in a matter of 6 months is proof that @StackingDao is an important component of the Stacks network.@StackingDao has generated… pic.twitter.com/xNhAsPK0qa
— iiaonΞ // 1%. 🧙🏿‍♂️ (@iiaone) June 16, 2024

Algorithm for his thread on Stacking DAO growth and milestone since launch:

I’m completely blown away by @StackingDao's outstanding growth🤯

In just 6 months, @StackingDao has proven to be the cornerstone of Bitcoin/Stacks Finance, thanks to the versatility of liquid asset stSTX which, not only maintains STX value but also enhances it

Watch stats👇
🧵 pic.twitter.com/8BWMp2lHXg
— Algorithm.btc (@godfred_xcuz) June 15, 2024

Stacksy for simple but explanatory and eye-catching graphics on Stacking DAO points strategies.

🤑Maximize your @StackingDao and @ZestProtocol points with this simple strategy.

💲Earn points daily by depositing $stSTX on @ZestProtocol

💲Increase your rewards by borrowing and reinvesting $stSTX.

💲Explore various #DeFi opportunities with borrowed stSTX.

(Links below) ⬇️… pic.twitter.com/cqlChTk0Tn
— Stacksy.btc (@Stacksybtc) June 13, 2024

Fracture for showing on-chain data about Stacking DAO growth.

Data from @signal21btc shows that user confidence continues to rise on @StackingDao 📈

✅ TVL currently sitting at ~ $113 mill
✅ Liquid Stakers receiving ~ 9% APY
✅ Secured by 8 institutional grade node operators
✅ Integrated w/ 5 other DeFi protocols
✅ 1st mover advantage pic.twitter.com/3ao1G3ou0Z
— fracture.btc (@fractured_data) June 13, 2024

Tim for the amazing content on Stacking DAO

Arguably, the Zest and @StackingDao duo is the most productive and successful in terms of results.

First, Zest has reached a TVL position right below StackingDAO, just two months after launch.

For me, the use cases are what I'm most excited about. 🙂‍↔️🟧 pic.twitter.com/r1CeIJFE4f
— Tim (@_nottim) June 15, 2024

Finally, Stacking DAO has processed another ~218,830 STX in Stacking rewards.

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

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