Stacking DAO Cycle Update: 60M STX Deposits Milestone

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

60M+ STX ($100M+) have been deposited on Stacking DAO!
This marks an important milestone, highlighting the growing demand for easy access to stacking yields while participating in Stacks DeFi.

Furthermore, the yield on Stacking DAO remains above 10% APY, making it an attractive protocol for users looking to earn more STX.

As showcased by Leeor, Stacking DAO Head of Growth, with an STX inflation rate of ~5%, the actual yield on stSTX is more than ~5%. This shows the strong returns users can get, reinforcing the value and appeal of the Stacking DAO liquid stacking protocol.

Partnership Updates

Stacking DAO has integrated the Orange Wallet, enabling all Orange users to easily stack their STX on the protocol. Stay tuned for exciting updates on this evolving partnership.

HashKey Cloud has joined the Stacking DAO Signer network. They are working with giants of the sectors such as Lido, Rocket Pool, and Eigen Layer and now they will use their expertise to help make Stacks more resilient.

InfStones announced its collaboration with Stacking DAO as one of the protocol's 10 Signers. As a Signer, they will contribute to the stability of the Stacks ecosystem by delivering reliable stacking and node infrastructure.

Other initiatives and news related to Stacking DAO

The Stacking DAO team was in Nashville for the Bitcoin Builders Conference. Philip and Tycho joined a panel on Bitcoin yields, where many attendees expressed enthusiasm about Stacking DAO's rapid growth.

Stacking DAO is trending among the quests on Bankless, drawing more attention to Stacking DAO and the Stacks DeFi ecosystem as new users engage with tasks on the leading Web3 educational platform/hub.

Stacking DAO LinkedIn official page is live. Stay updated with the latest news and start following the protocol also on LinkedIn.

The special code for the this cycle update quest on Zealy is: 60M

In the latest Stacks DeFi Show, Stacking DAO hosted a Twitter Space with Leather and Orange Wallets as guests, focusing on Bitcoin wallet UX and strategies for onboarding new users.

Finally, Stacking DAO has processed another ~203,197.00 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