Stacking DAO Cycle Update: From NYC Redemptions to Copper and InfStones Partnerships

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

The Stacking yield on Stacking DAO is rising again, reaching 10.89% APY based on data from the last two cycles.

The total amount deposited on Stacking DAO is nearing 60M+ STX, indicating a strong and consistent demand for an easy way to earn Stacking rewards while engaging with DeFi.

With the NYC redemptions launched by CityCoins, additional STX has been funneled into Stacking DAO.

Users who redeem NYC for stSTX on the CityCoins website are eligible to mint an NFT that unlocks special point multipliers based on the amount of NYC converted.

Various DeFi protocols (e.g Zest and Bitflow) have embraced this initiative launched by Stacking DAO, as it unlocks new liquidity for the Stacks DeFi ecosystem.

Partnership Updates

Stacking DAO has partnered with Copper to offer institutions and large holders of stSTX access to their renowed custody and financial services.

The partnership provides a secure, seamless experience for institutional clients to manage stSTX and learn about Stacks.

Stacking DAO has also onboarded InfStones, a leading staking and node infrastructure provider trusted by top Web3 brands, into the Stacking DAO Signer network to further secure and decentralize Stacks.

Other initiatives and news related to Stacking DAO

Stacking DAO reached 20k followers on X (Twitter)! Thanks to every member of the Stacking DAO community that helped achieving this goal!

It appears that Bankless has leaked some Alpha for the Web3 world.

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

Stacking DAO is also implementing a fresh look; stay tuned for more news

The Stacks DeFi show hosted by Stacking DAO team is bringing the best builders in Bitcoin, from BOB and BEVM L2s to layers like Zeus that are bridging Solana to Bitcoin.

Make sure to follow Tycho to catch his DeFi show wrap up threads:

Finally, Stacking DAO has processed another ~196,590.00 STX in Stacking rewards.

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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

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