Stacking DAO Cycle Update: Native Stacking and stSTXbtc

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

BTC has officially hit the $100k milestone!

Now, it's time for Bitcoin L2s like Stacks to unlock BTC liquidity for DeFi and attract a new wave of Bitcoin holders seeking productive use cases. Good thing that sBTC will be live on December 16 and DeFi protocols will integrate it.

The Stacks ecosystem has been buzzing lately, and amid the excitement, Stacking DAO's TVL has surpassed $150M! This is a lot of liquidity ready to flow into Stacks DeFi.

DeFi Updates Related to Stacking DAO

A new Stacking DAO product has been teased! stSTXbtc will be a second liquid stacking token with BTC yield. Stay tuned for more news!

In the meantime, Stacking DAO has launched a Native Stacking BTC Yield Pool with 0% fees! This pool offers no smart contract risk, a low minimum deposit of just 100 STX, and rewards users with 0.5 Stacking DAO points per STX stacked.

The stSTX-STX pair is now live on Velar and has quickly become the 4th largest farm pool on the DEX. Users can now provide stSTX liquidity, stake their LP tokens, and earn a 27% APY (5k VELAR daily), along with a 50% boost in Stacking DAO points.

stSTX holders now have even more utility as Zest integrates sUSDT and USDA stablecoins. This allows stSTX holders to leverage their liquidity as collateral to borrow additional stablecoin capital.

As 2024 draws to a close, stSTX's impact on Stacks DeFi is undeniable—nearly 50% of the ecosystem's TVL now comes from stSTX, according to DefiLlama!

Other initiatives and news related to Stacking DAO

Juicy Stake validator is the latest addition to the Stacking DAO Signer network, heping make the ecosystem even more decentralized and resilient.

This latest addition highlights Stacking DAO's commitment to decentralization, with 30% of Stacks Signers now powered by the Stacking DAO.

Shout out to Jacob Brown for wearing Stacking DAO merch!

A new edition of "What's Happening on Stacks" is out, making it easy for anyone to stay updated on the latest ecosystem news and developments.

Finally, Stacking DAO has processed another ~168,679.00  STX in Stacking rewards.

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Stacking DAO Details:

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