October 14, 2024

Stacking DAO Cycle Update: $3.8M+ in Stacking rewards

Stacking DAO Cycle update is the perfect format for the community to explore the latest news and milestones.

Since its launch less than a year ago, Stacking DAO has generated over $3.8M in Stacking rewards! Offering users up to 10% APY with just one click, it’s becoming the go-to infrastructure for Stacking rewards.

Stacking DAO generated $3.8M+ in Stacking rewards since launch. 🤯

The protocol is earning a ton of yield for its community. 🔥 pic.twitter.com/GPiMWBWbiw
— Stacking DAO (@StackingDao) October 2, 2024

Despite market fluctuations, Stacking DAO’s TVL holds strong at over 56M STX (~$96M), offering an average 9.18% APY on deposited STX over the last two weeks.

🔥 9.19% APY with Stacking DAO over the last 2 cycles!🔥

stSTX makes it simple to earn Stacking rewards while using liquidity in DeFi to earn points and yield. ⚡ pic.twitter.com/3izPLh7zzT
— Stacking DAO (@StackingDao) October 10, 2024

DeFi Updates Related to Stacking DAO

Over the past year, Stacking DAO has solidified its position as the leading Stacks DeFi protocol. It's now the second most-used DeFi app on Stacks, a clear testament to its growing impact.

Stacking DAO is the second most used DeFi protocol on Stacks according to @stackspulse.

A clear indication that users want both stacking rewards and earn DeFi yield. pic.twitter.com/o3PCDnA1f4
— Stacking DAO (@StackingDao) October 1, 2024

Moreover, according to DeFiLlama, Stacking DAO TVL alone represents 48% of Stacks DeFi TVL. This is consistent with Lido impact on Ethereum (~40% of TVL) and Solana (~40% of TVL).

stSTX is paving the way for a wider range of DeFi use cases. Tune in as Bitflow Co-Founder Dylan shares his insights on how stSTX is shaping Stacks DeFi.

The use cases for stSTX is just getting started 🌊 https://t.co/zj5J4YXfHH
— DiegoMey.btc 🌊 (@DiegoMey) October 1, 2024

Other initiatives and news related to Stacking DAO

Stacking DAO is launching a new initiative to educate the community about Stacks. Expect regular "What's Happening on Stacks" threads, published every few weeks to keep you updated about the ecosystem.

What's happening on @Stacks? 🤔

Here is everything you need to know about from the last few weeks. 🧵 ⬇️ pic.twitter.com/dgjZzv6aeO
— Stacking DAO (@StackingDao) October 7, 2024

Aside from moderating the weekly Stacks DeFi shows, Leeor (Stacking DAO head of growth) joined the Building Web3 podcast hosted by Jax Dwyer to discuss how is the Bitcoin L2 landscape evolving, and what sets Stacks apart.

Unlocking Bitcoin’s Full Potential with @LeeorShimron

00:00 Introduction to the Bitcoin Ecosystem

01:59 The Bitcoin Renaissance and Its Utility

05:00 Innovations in @Stacks and @StackingDao

10:10 Understanding Stacks' Unique Mechanism

11:48 DeFi Opportunities in the Stacks… pic.twitter.com/VGbfXirnVY
— Jax Dwyer (@jaxxdwyer) October 7, 2024

Finally, get ready for an improved UX when minting stSTX and deploying liquidity into Stacks DeFi as the Nakamoto upgrade (bringing fast blocks) is right around the corner. On Nakamoto Testnet, blocks are getting issued consistently in a bunch of seconds.

Stacks is making Bitcoin great again.

Nakamoto is coming, bringing improved UX with fast blocks.

sBTC will unlock Bitcoin liquidity and DeFi

It's Bitcoin time to shine. pic.twitter.com/jy4d9yHvl3
— Stacking DAO (@StackingDao) October 3, 2024

Finally, Stacking DAO has processed another ~189,240.00 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 Discord community: https://discord.gg/KEQfXJnJYj

Join Stacking DAO Zealy space to earn rewards and more: https://zealy.io/cw/stackingdao

The latest news, product updates, thought leadership, and more from the StackingDAO team.